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BNY Mellon Hires Tenengauzer as Derrick Retires

BNY Mellon has appointed Daniel Tenengauzer as head of markets strategy and insights and leader of its Aerial View market commentary platform.

He will also act as a media spokesperson for BNY Mellon on global macroeconomic and geopolitical issues, succeeding current strategy chief, Simon Derrick, who is retiring at the end of October.

Tenengauzer started in his new role on Monday and will be based in New York. In the role, he will be tasked with leading strategy efforts for BNY Mellon Markets, providing clients with insights into the world’s asset and currency flows.

Daniel Tenengauzer, BNY Mellon

Prior to joining, Tenengauzer was the director of research at Tse Capital Management, a New York-based hedge fund.

Previously, Tenengauzer supported FX and fixed income sales and trading at a number of large banks, from emerging market debt and FX at Goldman Sachs, to G10 research at Lehman Brothers, and emerging markets fixed income strategy at Bank of America Merrill Lynch. More recently, Tenengauzer led global FX strategy for RBC Capital Markets.

“In today’s rapidly changing macro and political climate, we are delighted to have someone of Danny’s caliber helping clients decipher the global economy’s increasingly complex signals and their implications for market behaviour,” says Jason Vitale, global head of FX at BNY Mellon.

“I’m excited to be able to combine my experience in macro and geopolitical issues with the insights that only a firm such as BNY Mellon can glean from its position at the centre of the world’s financial markets,” adds Tenengauzer.

Meanwhile, Derrick is set to leave the bank more than 10 years after he established the BNY Mellon markets strategy team, which he has led out of the London office. Prior to that, he managed the bank’s European FX sales team for four years.

Previously, he worked in sales and proprietary trading roles at Midland Bank, which is now part of HSBC, Banque Indosuez, which is now part of Crédit Agricole, and at Citibank.

Galen Stops

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