The Bank of New York Mellon( BNY Mellon) has expanded its global liquidity services business with the appointment of Filippo Santilli as managing director of liquidity services for the Asia-Pacific.
Mr Santilli brings more than 10 years of institutional and sales experience to his new position, most recently with Lehman Brothers Asset Management, as a product specialist in Hong Kong.
Based in Hong Kong, he will head BNY Mellon’s new liquidity services capability in Asia-Pacific and report to Jason Garwood, managing director. He will be responsible for growing the customer base in Asia-Pacific, notably the company’s liquidity DIRECT cash management portal.
Through Liquidity DIRECT, BNY Mellon offers a range of money market funds, individual money market securities and the capabilities to safe keep margin balances all through a single portal.
Jonathan Spirgel, head of liquidity services at BNY Mellon, said: “Businesses and institutions across the Asia-Pacific could benefit significantly from Liquidity DIRECT. No other cash management portal offers such a wide range of opportunities.”
Chris Sturdy, chairman of Asia-Pacific at BNY Mellon, said: “The fast pace of Asia’s economic growth is outstripping the region’s ability to effectively manage its cash. Through offering BNY Mellon’s liquidity services and our Liquidity DIRECT investment portal in Asia, local institutions now have the tools, which include a wide range of high-quality money market options as well as reporting capabilities, to help them maximize cash management and minimize credit risks.”
