Ms Colchester will be based in Singapore and will report to Andrew Gordon, the executive vice president of Broker-Dealer Services & Alternative Investment Services for The Bank of New York Mellon.

Most recently, Ms Colchester was with Eurekahedge, an alternative fund focused data and research house, where she served as director of marketing and publishing since the firm’s inception in 2001.

Mr Gordon said: Kate brings considerable experience and contacts within the hedge fund and prime broker community across Asia. The Bank of New York Mellon is rapidly expanding in the region and commensurate with that we are broadening our team of local experts to ensure that clients with global needs have the kind of expertise they require, anywhere in the world their business takes them.