The Bank of New York Mellon Creates New Sovereign Advisory Board
HONG KONG and DUBAI, Mar. 17 /PRNewswire-AsiaNet/ --
The Bank of New York Mellon, a global leader in asset
management and securities servicing, has announced the creation of a new
Sovereign Advisory Board in order to best serve sovereign organizations,
which include sovereign wealth funds, sovereign pension plans, central
banks/monetary authorities and sovereign owned entities.
The new Sovereign Advisory Board will be co-chaired by David
Jiang, Head of BNY Mellon Asset Management in the Asia Pacific region, and
Hani Kablawi, Head of Middle East and Africa. The Board, which will comprise
senior managers from across all of BNY Mellon's lines of business, has been
designed to leverage BNY Mellon's on-the-ground resources, services and best
practices from around the world, to further develop its strong sovereign
client relationships and product offerings.
"The creation of this group will enable sovereign clients to
benefit from enhanced solutions and a dedicated client service platform
tailored to their specific needs," said Gerald Hassell, President of The Bank
of New York Mellon. "David and Hani's leadership of a new dedicated sovereign
advisory board is clear indication of the growing importance we place on the
role of sovereign organizations in the world financial markets. We are
uniquely positioned to support their operational and investment needs."
Sovereign wealth funds have become increasingly prominent over
the past decade, driven in part by record prices in trade surpluses and
commodities in many Middle Eastern and Asian economies. As a result, the
breadth of their investments and the services they require has evolved. This
new Sovereign Advisory Board will ensure that sovereign clients have greater
access to BNY Mellon's broad range of products and services spanning asset
management, asset servicing, issuer services, clearing services and treasury
services.
Hassell added: "The Bank of New York Mellon remains one of the
strongest financial institutions globally with institutions increasingly
turning to us as they seek an eminent and resilient business partner. The
creation of this important board sets the stage for the acceleration of our
business with this key client segment."
SOURCE The Bank of New York Mellon Corporation
CONTACT: Louisa Bartoszek of The Bank of New York Mellon
Corporation, +44 20 7163 2826, louisa.bartoszek@bnymellon.com
NOTE TO EDITORS: The Bank of New York Mellon Corporation is a global
financial services company focused on helping clients manage and service their
financial assets, operating in 34 countries and serving more than 100
markets. The company is a leading provider of financial services for
institutions, corporations and high-net-worth individuals, providing superior
asset management and wealth management, asset servicing, issuer services,
clearing services and treasury services through a worldwide client-focused
team. It has $20.2 trillion in assets under custody and administration, $928
billion in assets under management, services more than $11 trillion in
outstanding debt, and processes global payments averaging $1.8 trillion per
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