LONDON, April 19, 2011 — BNY Mellon, the global leader in investment management and investment servicing, has appointed Alex Johnstone as Country Executive and Head of the company's Representative Office in South Africa, based in Johannesburg, with oversight responsibilities for South Africa and other key sub-Saharan markets.
Johnstone will continue in his existing role within ConvergEx Group's Global Transition Management business. In that capacity he is responsible for business development, product management and transition management service delivery to clients in South Africa and the rest of Sub-Saharan Africa.
Hani Kablawi, Chairman of Middle East & Africa and Head of Global Client Management for EMEA, said: "Alex has been working closely on the ground in South Africa with fund managers, pension funds and regional central banks and is well known to all our key institutional investors. He is ideally placed to build upon those strong relationships to the benefit of all our lines of business that are active across the region."
Prior to his relocation to South Africa in 2009, Johnstone oversaw the launch in 2003 of ConvergEx's international transition management business in London. Johnstone joined The Bank of New York in 2002 and has over 18 years experience in the financial services industry.
Johnstone replaces Karen Henwood, who has taken up a consultancy role focusing on banks in South Africa and other sub-Saharan markets within BNY Mellon's Treasury Services business.
BNY Mellon's South African Representative Office opened in Johannesburg in 2003.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.
This press release is issued by The Bank of New York Mellon to members of the financial press and media. All information and figures source BNY Mellon International unless otherwise stated as at December 31, 2010. The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818 Branch office: One Canada Square, London E14 5AL. Authorised and regulated in the UK by the Financial Services Authority.