BNY Mellon appoints new APAC head of asset servicing and digital
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BNY Mellon appoints new APAC head of asset servicing and digital 03 November 2020Hong Kong Reporter: Maddie Saghir
Image: Fangfang Chen/BNY Mellon
BNY Mellon has appointed Fangfang Chen as Asia Pacific (APAC) head of asset servicing and digital and APAC chair, with effect from 4 January.
In this position, Chen will be responsible for overseeing the execution of the company’s strategic growth agenda in APAC and will work towards driving the success of the asset servicing and digital business in the region.
Additionally, Chen will provide oversight of BNY Mellon’s regional structure, including regulatory and legal compliance.
Based in Hong Kong, Chen will report to Hani Kablawi, chairman of International, BNY Mellon and to James Slater, head of asset servicing client coverage and front office solutions, BNY Mellon.
During her career in financial services and consulting, Chen spent 12 years at State Street, where she held numerous leadership roles in the US, China and in Hong Kong.
Her last role at State Street was chief operating officer (COO) for APAC, where she oversaw operations across multiple businesses in the region.
Most recently, she worked at Algorand Foundation, a financial technology start-up involved in the development of an innovative, enterprise-scale public blockchain technology that enables frictionless finance.
As the COO and a founding member of Algorand, Chen oversaw strategy, ecosystem partnerships, business incubation, and global community development.
Chen succeeds David Cruikshank, who announced his retirement from the company as APAC chairman earlier this year.
Rohan Singh, who has served as APAC head of asset servicing since 2017, has taken on a new global role as head of asset owners at BNY Mellon.
Roman Regelman, CEO of asset servicing and head of digital, BNY Mellon, commented: “We are incredibly excited to welcome Fangfang Chen to BNY Mellon. She will lead us in ensuring we are delivering a consistent, high-quality experience to our clients in the region while expanding and enhancing the local custody and fund services capabilities we offer to leading asset managers and asset owners across Asia Pacific, building on our reputation for quality client service and innovative digital- and data-driven solutions.”
Last month, over in New York, BNY Mellon recruited Laura Steinbach, formerly of State Street, as head of investment managers sales in the Americas.
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Image: Fangfang Chen/BNY Mellon 