BNY Creates Asset-Based Lending Group

The Bank of New York Co. Inc. has announced the creation of a new Asset Based Lending Sector, including BNY Mortgage Co., that will be headed by senior executive vice president Robert J. Mueller.In addition to BNY Mortgage, the new sector includes BNY Financial Corp., BNY Capital Funding LLC, and its regional commercial banking, business and professional banking, real estate, and marine transportation divisions, the company said. The change came as part of a structural realignment and numerous appointments, including that of senior executive vice president Thomas J. Perna to head the newly formed Financial Companies Services Sector. The sector encompasses the banking needs of the financial services, government banking, and securities industries. BNY's website address is http://www.bankofny.com.