Stewart will replace Hani Kablawi, who has been appointed Head of EMEA Asset Servicing for BNY Mellon, and will oversee country management and strategic clients across the EMEA region as head of EMEA Client Management.

As head of Client Management for North America, Stewart will be responsible for client relationships for the groups reporting to him including banks and broker dealers, investment managers, insurance companies, corporates, real estate, syndications, not-for-profits, alliance programme, federal and state Governments.

Reporting to Jim Palermo, vice chairman and CEO of Global Client Management, Stewart will continue in his role as head of North America Client Management.