Tarek Elrefai Appointed Senior Executive Officer of BNY Mellon's Dubai Branch

Oct 18, 2010, 13:26 ET from BNY Mellon

DUBAI, United Arab Emirates and LONDON, Oct. 18 /PRNewswire-FirstCall/ -- BNY Mellon, a global leader in asset management and securities servicing, today announced Tarek Elrefai's appointment as Senior Executive Officer (SEO) for its branch located in the Dubai International Financial Centre (DIFC) following authorisation by the Dubai Financial Services Authority (DFSA).

Elrefai, who remains Head of Client Management for the MEA region with oversight of country management and franchise clients in the Middle East & Africa, will be responsible for leading the BNY Mellon team within the region and for implementing the company's regional strategic growth plans. He will also be responsible for ensuring that business activities operating out of the Dubai branch are in accordance with DFSA regulatory requirements.

Elrefai will continue to report to Hani Kablawi, Chairman of the Middle East & Africa and Head of Client Management for EMEA.

Kablawi said: "Tarek's appointment to SEO of our Dubai branch is the next step in achieving our long-term growth goals for the MEA region. Having been with BNY Mellon for 20 years, Tarek has built up a wealth of experience in this region and he is ideally placed to take our business to the next level, both here in Dubai and across the wider region."

Elrefai's appointment follows the arrival in Dubai in August of Mark Fenner, who has taken up the role of Head of Relationship Management and Sales for BNY Mellon's Treasury Services business in MEA.

Global Client Management supports BNY Mellon's franchise clients globally, delivering the entirety of BNY Mellon to this important client group. Global Client Management also has responsibility for country strategy and execution worldwide.

Notes to editors

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon has been conducting business in the Middle East and Africa for nearly 100 years.  The company was granted a branch licence in 2008 by the Dubai Financial Services Authority (DFSA). The Dubai office acts as a regional management and line of business hub supporting representative offices in Abu Dhabi, Beirut, Cairo, Istanbul and Johannesburg. BNY Mellon works with a wide range of financial institutions, governments and other clients throughout the region, offering issuer services and correspondent banking services, as well as custody and asset management services.

BNY Mellon is a global financial services provider 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, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Additional information is available at www.bnymellon.com.

SOURCE BNY Mellon



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