BNY has appointed Karen Montbach as its head of conventional trust solutions leading the conventional debt, public finance, escrow and specialty, and insurance products in its corporate trust business.

Based in New York, she will be responsible for end-to-end product capability and delivery for conventional trust, and defining, developing and executing the strategic vision for the firm’s suite of products and solutions.

Montbach, who will report into global head of corporate trust Cécile Nagel and join the corporate trust executive council, joins BNY after 23 years at Citi in the issuer services team, most recently serving as the head of global product development and transformation for agency and trust.

Nagel says that Montbach has “expert knowledge of the product segment and experience leading transformational change”.