In his new role, Ovaert will be responsible for overall strategic direction of the securities services operations function, as well as the day-to-day activities of the business.
Based in New York, he will report to Stuart Riley, global head of markets and securities services operations and technology, and Okan Pekin, global head of prime, futures and securities services.
Previously, Ovaert worked at Northern Trust for more than 25 years.
He was most recently executive vice president and head of enterprise operations across asset servicing, asset management and banking.
Riley said: “This is a significant leadership role for the securities services business and it’s a pleasure to have someone of Brian Ovaert’s caliber join our team.”
“He has a strong track record and a wealth of experience that will have an immediate impact on our growing franchise.”
Pekin added: “The securities services platform is of critical importance to the bank as we continue to expand our global capabilities. Ovaert will complement our existing strengths and help build upon the momentum we have achieved.”