BNY Mellon has appointed Mariano Giralt as head of Global Tax Services, responsible for the growth and development of this business.

Previously he was head of Tax Services for Europe, the Middle East and Africa.

Giralt will continue to report to Dan Kramer, head of Global Fund Accounting and Issuer Services Client Service Delivery at BNY Mellon.

“When Mariano joined BNY Mellon’s Tax Services team four years ago he was a team of one, now we have 12 people in our Tax Services team, with the ability to expand as client needs arise,” said Kramer.

“The global focus of Mariano’s team will allow us to successfully deliver tax services across our organization while also providing tax technical support to service our clients. This is part of our strategy to extend services from a regional to a global basis,” he added.

The Global Tax Services team performs a tax services function as opposed to a corporate tax function.

This includes developing new, and improving existing tax services; technical research and monitoring; governance and risk management; and tax services strategy.

The team works closely with the tax processing teams in custody, fund accounting, transfer agency and alternative investment services.

“We educate and assist our clients helping them prepare to comply with a host of new tax measures affecting financial services such as the Foreign Account Tax Compliance Act, the Common Reporting Standard and Financial Transaction Tax,” said Giralt.

“Each client has different needs. The challenge is how we interpret these measures for our diverse range of clients which include governments, asset managers, sovereign wealth funds, pension funds and multinationals,” he said.