HONG KONG, 5 March 2014 — BNY Mellon, a global leader in investment management and investment services, has appointed Gregory Roath as Asia-Pacific head of global client management. Roath replaces Eleni Wang who was appointed Asia-Pacific head of investment services last year.
Roath joined BNY Mellon in New York in 1999, working in both product management and Western European relationship management. In 2001 he moved to London and spent seven years managing new business development and client relationships in Central Europe, Russia, Ukraine and Kazakhstan. He moved to Hong Kong in 2008 to oversee the depositary receipts (DR) business in North Asia where he was responsible for the region’s relationship management and new business development teams. In 2010 he was promoted to Asia-Pacific head of DRs.
In his new role Roath will report to Steve Lackey, Asia-Pacific chairman. Roath will work closely with each of the businesses and country executives across the region to ensure BNY Mellon continues to understand, anticipate and exceed the expectations of clients and regulators. He remains on BNY Mellon’s Asia-Pacific executive committee and Asia-Pacific operating committee.
Roath is succeeded by Neil Atkinson who has been named as the new Asia-Pacific head of DRs. Atkinson joined BNY Mellon’s London office in 2006 and has over 20 years’ experience in the financial services industry. Atkinson moved to Hong Kong in 2011 to assume responsibility for product development and strategy in Asia Pacific. In addition he was Head of BNY Mellon’s DR business in India.
Atkinson joins BNY Mellon’s Asia-Pacific executive committee and the DR senior management team, led by Christopher Kearns, chief executive officer of BNY Mellon’s DR business based in New York.
“The expansion of our international businesses is key to our company’s ongoing success,” noted BNY Mellon’s Lackey. “Asia represents a dynamic and growing market, and we see many exciting opportunities in the region. We continue to gain market share and benefit from the steady investments we are making to help Asian institutions succeed at every stage of the investment lifecycle.”
Lackey added: “Greg’s promotion is a reflection of his strong leadership and outstanding business judgment. His global acumen will play an integral role as we continue to drive greater collaboration across our investment services and investment management businesses.”
BNY Mellon’s Kearns added: “DRs continue to prove to be an effective way for companies to raise capital in the region. We see great opportunities from Asia-Pacific issuers this year as improved sentiment and climbing equity prices continue to draw issuers back to global markets for their capital needs. Neil brings many years of experience and strong international credentials to his new role, and is the ideal candidate to build upon Greg’s many achievements and continue to drive our DR business forward in the region.”
BNY Mellon - The DR Market leader in Asia
Depositary Receipts are a major component of BNY Mellon’s investment services business. In Asia, the company has an overall market share of 55% in the region (December 31, 2013). BNY Mellon has been a pioneer in Asian DRs for over 30 years and has been behind many of the region’s DR firsts including:
- The first sponsored DR from Singapore – 1989
- The first Japanese bank listed on the NYSE – 1989
- The first sponsored DR from Indonesia – 1990
- The first sponsored DR from Philippines – 1990
- The first sponsored DR from Thailand – 1990
- The first sponsored DR from India – 1992
- The first sponsored DR from China – 1993
- The first sponsored Korean DR on the Tokyo Stock Exchange – 2005
- Structural adviser on the launch of India’s debut Indian Depository Receipt (IDR) program for Standard Chartered - 2010
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, 2013, BNY Mellon had $27.6 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, or follow us on Twitter @BNYMellon.