HONG KONG, June 29 /PRNewswire-FirstCall/ -- BNY Mellon, the global leader in asset management and securities servicing, has appointed Daniel J. Smith to the position of Chief Administrative Officer for the Asia-Pacific region. Smith will report to Chris Sturdy, Chairman of Asia-Pacific, replacing Lee Stephens who has relocated to the U.S. to a senior business development role in BNY Mellon's Washington, D.C. office.
Smith joined BNY Mellon in 1987 and has held a number of senior management positions in the U.S. including most recently Chief Administrative Officer of BNY Mellon Asset Servicing, the company's global custody and fund administration business which has US$22.4 trillion in assets under administration. He is a member of BNY Mellon's Operating Committee.
In his new role, Smith will be based in Hong Kong and will help drive the development and build-out of the region's infrastructure to support the company's clients and its growth initiatives across Asia-Pacific.
"Today about a third of our profitability and people are outside of the United States in regions with excellent growth prospects," said BNY Mellon's Sturdy. "We are expanding ambitiously but methodically across Asia in both of our core businesses, asset management and securities servicing. Over the longer term, we expect Asia to be a much larger percentage of our bottom line as the region is a key engine of growth for our company."
Sturdy added: "Dan has an excellent reputation for diligence and a proven ability to coordinate across business lines, always with a keen focus on employees and clients. As we accelerate our business growth in Asia, he will be a valuable addition to our leadership team."
BNY Mellon has 16 offices in 12 countries in Asia-Pacific, including full-service branches in Melbourne, Sydney, Shanghai, Tokyo, Hong Kong, Singapore, Seoul and Taipei, and employs over 5,000 employees. Businesses represented in the Asia-Pacific Region include asset servicing, asset management, issuer services and treasury services.
Notes to editors
BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 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 $22.4 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Learn more at www.bnymellon.com.
SOURCE BNY Mellon