HONG KONG and NEW YORK, Sept. 13, 2016 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has appointed David Cruikshank as chairman of its Asia Pacific region. Cruikshank succeeds Stephen Lackey, who has been Asia-Pacific chairman since 2011 and will take on the vice chairmanship of the company's Pennsylvania region in addition to a new strategic client management role within the Global Client Management group.
With more than 25 years' experience in financial services, Cruikshank joined BNY Mellon in 2003 and leads the Corporates and Public Finance Market Segment team within Global Client Management, one of the four key segments served by the company. Prior to this role, he served as Chief Executive Officer of Treasury Services at BNY Mellon, setting the strategic direction and leading business execution for the company's Global Payments, Trade Finance and Cash Management business. His experience also includes acting as Global Head of Sales and Relationship Management of Treasury Services at BNY Mellon, working in Global Transaction Service organizations of Citibank and ABN AMRO Bank, where he has held various positions including European Head of Marketing, Sales and Service; Global Head of Solution Delivery and Head of Client Service and Implementation for North and South America.
Based in Hong Kong, Cruikshank will chair the Asia Pacific Executive Committee and lead the regional management team in executing the company's business strategy for the Asia-Pacific region. Working closely with BNY Mellon's global business heads, he will serve as the company's primary representative with the local regulatory authorities and oversee client management for the region. He will report to Karen Peetz, President of BNY Mellon.
"Asia is a key engine of growth for BNY Mellon," said Gerald L. Hassell, chairman and chief executive officer of BNY Mellon. "We are excited by the opportunities ahead and stand ready with the solutions that will assist Asian institutions power their investment success. Our priority is to capitalize on our significant investment in technology and innovation to provide relevant insights and ultimately drive further growth across the region."
"I want to recognize Stephen Lackey for his tremendous contribution in building a solid foundation for our business in Asia, as well as for his unwavering focus on our clients' success. With his many years of experience and international perspective, I am confident that David Cruikshank will continue to drive the momentum we have gained in the region under Stephen's leadership as Chairman of Asia Pacific."
Lackey joined BNY Mellon in 1981 and, prior to moving to Hong Kong, served as BNY Mellon's director of global corporate development and investor relations, overseeing the company's merger and acquisitions activities and its relationships with shareholders and equity/debt analysts. During a career spanning more than thirty years, Lackey has held a range of client-focused assignments, including his leadership of units that supported multinational clients, communications and technology clients and specialized industries clients.
Lackey's new responsibilities will include the ongoing development of key client relationships and managing the APAC client team in New York. Additionally, as Vice Chair for the Pennsylvania region, he will partner with Ian Stewart, Chairman of BNY Mellon Pennsylvania, and the other executive officers of the region, to help lead the Pittsburgh campus, further developing and strengthening our community partnerships within the Pittsburgh area. Steve will continue to report to Karen Peetz.
Notes to editors:
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, 2016, BNY Mellon had $29.5 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.
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SOURCE BNY Mellon