Continued diversification of Asian institutional investors expected to drive significant growth
HONG KONG, 24 January 2011 — BNY Mellon, the global leader in asset management and securities servicing, has appointed Eleni Wang as head of Client Management for Asia-Pacific. Wang replaces Jai Arya, who was recently named head of BNY Mellon's newly created Sovereign Institutions Group.
Based in Hong Kong, Wang has over 20 years financial services experience in a variety of senior leadership positions including key roles at Deutsche Bank and Bankers Trust in Asia. She was most recently a managing partner at Hong Kong-based hedge fund manager Adept Capital Partners, where she was responsible for strategic positioning and developing the investor base for the Early Stage Asia Fund.
Reporting to Christopher Sturdy, Chairman of BNY Mellon's Asia-Pacific region, Wang will focus on delivering the whole firm and ensuring clients have greater awareness and access to the company's leading capabilities across a broad array of securities servicing and asset management solutions.
"Our clients in Asia include some of the world's largest financial institutions, central banks and several key sovereign wealth funds," said Sturdy. "The biggest opportunity for BNY Mellon is to continue to deliver the whole company to clients who will benefit from the full range of sophisticated solutions we can provide. We are making significant, well-considered investments to bring our full range of services to Asia which we believe will propel the future growth of our clients' businesses and the growth of our global company."
"Developments here in Asia will be among the most important trends shaping the world financial markets in 2011," observed Wang. "Asian institutions continue to diversify their portfolios through increased investment outside their borders, fuelling a demand for more asset management and related services.
"Greater regulatory scrutiny and continued innovations in Asia's capital markets are also driving demand for risk management, compliance and reporting expertise - all of which play to BNY Mellon's strengths. These are exciting times for Asia and BNY Mellon has the solutions to help local Asian institutions prosper in today's market."
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, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury 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. Additional information is available at www.bnymellon.com.