SINGAPORE, April 10, 2012 — BNY Mellon, the global leader in investment management and investment servicing, has named Chong Jin Leow as Country Executive and General Manager of the company's Singapore branch.
Leow succeeds Jai Arya who will focus on supporting the future needs and growth plans of sovereign wealth funds, sovereign pension plans, central banks/monetary authorities and sovereign owned entities in his capacity as Head of BNY Mellon's Global Sovereign Institutions Group.
Leow will continue to report to Tim Keaney, vice chairman of BNY Mellon and chief executive officer of BNY Mellon Asset Servicing, in his capacity as Head of Asia-Pacific for BNY Mellon's Asset Servicing business. He will also report to Steve Lackey, Chairman of Asia-Pacific, in his new additional role as country executive for Singapore. Leow is a member of BNY Mellon's Operating Committee and the company's Asia-Pacific Executive Committee.
"Singapore is strategically a very important market for BNY Mellon," said Steve Lackey. "Viewed as one of the safest jurisdictions in the world, it is home to some of the largest and most sophisticated investors in Asia. This makes Singapore a highly compelling draw for BNY Mellon as there is strong local demand for our investment management and investment services."
Lackey added: "Chong has over 30 years' experience in the financial services industry and has been instrumental in positioning BNY Mellon as the industry's premier asset servicing provider in Asia-Pacific. He is a very strong leader and is the perfect person to take the helm in Singapore and ensure we continue to meet the needs of Singapore institutions."
BNY Mellon has had a presence in Singapore for almost 40 years and today provides a broad range of services to financial institutions and corporates in Singapore including Asset Servicing, Corporate Trust, Treasury Services, Broker-Dealer Services, Asset Management and Alternative Investment Services. BNY Mellon's wholly owned subsidiaries, Eagle Investment Systems LLC and Pershing Group LLC, both have legal entities based in Singapore.
BNY Mellon (NYSE: BK) 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, offering superior investment management and investment services through a worldwide client-focused team. It has $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.