BNY Mellon Names Caroline Butler CEO of Digital Assets

Custodial banking giant BNY Mellon (BK) has promoted Caroline Butler to CEO of Digital Assets, the lender announced Thursday.

Butler joined BNY Mellon in 2020 and most recently was CEO of Custody Services, where she led development of the bank’s integrated digital custody and administration platform for traditional and digital assets.

The platform launched in October 2022, allowing fund managers to store keys necessary to access and move around their bitcoin (BTC) and ether (ETH), as well as the other traditional bookkeeping functions.

In her new position, Butler will continue to lead the digital assets custody platform, as well as oversee any digital assets commercial initiatives company-wide.