SEOUL and HONG KONG, February 15, 2017 — BNY Mellon, a global leader in investment management and investment services, has appointed Sang Don Ji as country executive for Korea and manager of the company’s Seoul branch. Ji succeeds Yoon Soo Kim who has retired after nine years with the company.
In his role as country executive Ji will lead the strategic direction and expansion of the company's local capabilities and presence across all businesses in Korea. As the senior representative for the company with clients and regulators in Korea, Ji is based in Seoul and will report to Gregory Roath, Head of Global Client Management, Asia Pacific.
Ji brings over 30 years of experience working in financial services and corporate sector, previously serving as managing director and branch manager for JP Morgan Chase Bank in Seoul. During his 20-year tenure at the company, Ji held various senior positions covering major public, financial institutions and corporate relationships that include leading the Corporate Banking, Treasury and Securities Service, and Corporate Treasury Service divisions. Prior to joining JP Morgan Chase Bank, he had worked for Arab Bank and Security Pacific National Bank. Ji holds a M.B.A. from Yonsei Graduate School of Business Administration and a Bachelor of Arts from Yonsei University.
“Korea is a strategically important market for BNY Mellon,” said BNY Mellon’s Asia-Pacific Chairman, David Cruikshank. “With an established presence since 1988, we have developed a successful franchise in Korea servicing our institutional clients and continue to see tremendous opportunities to further expand our local capabilities over the coming years. As a global investments company, BNY Mellon is readily aligned to support Korea’s expanding pension and capital markets with our proven worldwide leadership in both investment management and investment services.”
Commenting on the appointment of Ji, BNY Mellon’s Roath said: “Ji will be instrumental in further enhancing our growth ambitions with his well-rounded financial services experience and deep knowledge of Korean clients’ needs. With his diverse background and strong credentials in the market, Ji is well-placed to further progress BNY Mellon’s established business in Korea to deliver excellence for our clients across the investments lifecycle.”
BNY Mellon has been servicing clients in Asia Pacific for over 100 years and first opened its Seoul branch office in 1988. Launching Corporate Trust services for Korea’s offshore sovereign securities in 1991, BNY Mellon was the sponsor of Korea’s first American Depositary Receipt in 1994 and Collateral Management agent for the first tri-party equity financing trade in Korea in 2008. BNY Mellon provides comprehensive financial services to the Korean institutional and wholesale marketplace including securities servicing, asset management, corporate trust, treasury services, depositary receipts and other investment solutions. In 2015, BNY Mellon acted as trustee for Korea’s first covered bond issuance under the Covered Bond Act in Korea and subsequently in 2016, received the All Asset Trust License status in Korea to provide trustee services for the domestic market expanding its international services to Korean clients.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of December 31, 2016, BNY Mellon had $29.9 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.