The Bank of New York Mellon has created a new sovereign advisory board in order to serve sovereign organisations which include sovereign wealth funds, sovereign pension plans, central banks/monetary authorities and sovereign-owned entities.
The new sovereign advisory board will be co-chaired by David Jiang, head of BNY Mellon Asset Management in the Asia-Pacific region and Hani Kablawi, head of Middle East and Africa.
The board which will comprise senior managers from across all of The Bank of New York Mellon’s (BNY Mellon’s) lines of business, has been designed to leverage BNY Mellon’s on-the-ground resources, services and best practices from around the world, to further develop its sovereign client relationships and product offerings, said BNY Mellon.
Gerald Hassell, president of BNY Mellon, said: The creation of this group will enable sovereign clients to benefit from enhanced solutions and a dedicated client service platform tailored to their specific needs. David and Hani’s leadership of a new dedicated sovereign advisory board is clear indication of the growing importance we place on the role of sovereign organisations in the world financial markets. We are uniquely positioned to support their operational and investment needs.
