NEW YORK, October 8, 2015 — BNY Mellon has appointed Sindhu Vadakath as senior payments product manager for BNY Mellon’s Treasury Services business in Asia Pacific. In her new role, Vadakath will be responsible for APAC-related global payments products, and will serve as product development lead on multicurrency service enhancements related to Asian markets.
Vadakath joined BNY Mellon in 2010 from Citibank NA, and has more than 16 years of financial industry experience, serving in a variety of roles ranging from operations management and product and project implementation to large strategic initiatives in operations and technology. Based in Singapore, she will be responsible in her new role for payments-related strategic planning, product development, marketing, and financial performance in APAC.
"Bolstering our presence as a global payments provider in the growing Asian market is a strategic priority for our Treasury Services business," said Michael Bellacosa, managing director and head of global payments for BNY Mellon's Treasury Services business. "Sindhu will be a key member of our global payments product management team, and will work closely with our regional sales and relationship and market management teams in the region to deliver APAC-attuned payment solutions to our global clients."
With locations on six continents and an extensive global network of correspondent financial institutions, BNY Mellon's Treasury Services business delivers high-quality performance in global payments, trade services, and cash management. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 countries. Processing payment transactions in over 120 currencies, the company is a top-five participant in both the CHIPS and overall funds transfer markets. The company is also a recognized leader in the delivery of private-label treasury services solutions for banks and other large institutional 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 June 30, 2015, BNY Mellon had $28.6 trillion in assets under custody and/or administration, and $1.7 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.