LONDON, Feb. 6, 2012 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has confirmed Bill Williams as its new Chairman of Middle East & Africa (MEA) following Hani Kablawi's appointment as Head of the company's EMEA Asset Servicing business*.
Williams also retains his existing role as Head of Developing Markets Client Management. He will continue to report to Jim Palermo, Head of Global Client Management at BNY Mellon.
Kablawi had been Head of Client Management for EMEA and also served as Chairman of the MEA region for four years. In his new role, he will report to Tim Keaney, CEO of BNY Mellon Asset Servicing.
Tarek Elrefai continues as Senior Executive Officer for BNY Mellon's branch located in the Dubai International Financial Centre (DIFC). He also retains his role as Head of Client Management for the MEA region, based in Dubai, with responsibility for country management and franchise clients across the Middle East & Africa.
As Senior Executive Officer, Elrefai is responsible for leading the BNY Mellon team within the region and for implementing the company's regional strategic growth plans. He is also responsible for ensuring that business activities operating out of the Dubai branch are in accordance with Dubai Financial Services Authority regulatory requirements and any other relevant international legislation. He will now report to Williams.
Jim Palermo said: "With a wealth of experience in serving clients in the Middle East & Africa region that stretches back 30 years, Bill is ideally placed to ensure we continue to support the future growth of our clients' businesses and our own strategic goals in the region. I'd like to commend Tarek for his continued leadership on the ground in Dubai, and also thank Hani for the key role he has played in building our business in the region over the past 14 years."
Global Client Management supports BNY Mellon's top 700 clients globally and also has responsibility for country strategy and execution worldwide.
*Subject to regulatory approval
Notes to editors:
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, 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 (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.
This press release is issued by The Bank of New York Mellon to members of the financial press and media.
All information and figures source BNY Mellon International unless otherwise stated as at December 31, 2011.
The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818
Branch office: One Canada Square, London E14 5AL
Authorised and regulated in the UK by the Financial Services Authority.
SOURCE BNY Mellon