Daron Pearce to Head up Asset Servicing for EMEA
LONDON, July 19, 2016 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, today appointed Hani Kablawi as the new Head of Investment Services for Europe, the Middle East and Africa (EMEA).
Formerly Head of Asset Servicing for EMEA, Kablawi will lead the business strategy for Investment Services in the region and will continue to be based in London. Kablawi will report to Brian Shea, Chief Executive Officer (CEO) of Investment Services and Michael Cole-Fontayn, Chairman of EMEA.
"Hani's leadership during a period of unprecedented economic and regulatory change, and his unwavering focus on our clients' success, make him exceptionally positioned to lead our Investment Services business in EMEA," said Brian Shea, CEO of Investment Services at BNY Mellon. "Under Hani's leadership we will continue to bring together buy-side and sell-side solutions, and capitalise on our significant investment in technology and innovation to drive growth across the region1."
Kablawi's role will span BNY Mellon's services and solutions across asset servicing, alternative investment services, corporate trust services, broker-dealer services, depositary receipts and treasury services.
He joined BNY Mellon in 1997 and has held a number of business, functional and risk management roles based in New York, Abu Dhabi, Dubai and London. Kablawi is a board member of the Arab Bankers Association and recently featured in the Top 100 inaugural UPstanding Executive Power List which celebrates the work carried out by the Black Asian Minority Ethnic business community.
Daron Pearce will replace Kablawi as CEO of Asset Servicing for EMEA. Pearce has a 16-year track record at BNY Mellon, most recently as CEO of Global Financial Institutions for Asset Servicing. He will report to Hani Kablawi and Samir Pandiri who is CEO of Asset Servicing.
"Hani has developed and delivered on a comprehensive regional plan and put Asset Servicing on a firm footing for further growth," said Samir Pandiri, CEO of Asset Servicing at BNY Mellon. "Daron has terrific experience within our company, and a deep knowledge of our clients and our Asset Servicing business. I am confident that he will build on this strong foundation and take the business to the next level."
Notes to editors:
BNY Mellon's Asset Servicing business supports institutional investors in today's fast-evolving markets, safekeeping assets and enhancing the administration of client investments through services that process, monitor and measure data from around the world, allowing clients to focus on the management of their investments. We leverage our global footprint and local expertise to deliver insight and solutions across every stage of the investment lifecycle.
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 March 31, 2016, BNY Mellon had $29.1 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). Learn more at http://www.bnymellon.com/. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
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All information and figures source BNY Mellon unless otherwise stated as at March 31, 2016.
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1 BNY Mellon has six innovation centres around the world and opened one in London