BNY Mellon has named Chong Jin Leow, head of Asia Pacific for BNY Mellon Asset Servicing, as country executive and general manager of its Singapore branch. In his additional role, Leow replaces Jai Arya, who has been appointed head of BNY Mellons Global Sovereign Institutions Group.
Leow will continue to report to Tim Keaney, vice chairman of BNY Mellon and CEO of BNY Mellon Asset Servicing. He will also report to Steve Lackey, chairman of Asia-Pacific, in his new additional role as country executive for Singapore.
Leow is a member of BNY Mellon’s Operating Committee and the company’s Asia-Pacific Executive Committee.
Lackey says Singapore is a strategically important market for the firm due to its being one of the safest jurisdictions in the world and home to large and sophisticated investors in Asia. This makes Singapore a highly compelling draw for BNY Mellon as there is strong local demand for our investment management and investment services, Lackey says.
BNY Mellon has been present in Singapore for nearly 40 years and offers asset servicing, corporate trust, treasury services, broker-dealer services, asset management and alternative investment services in the country.
Lackey says Leow has more than 30 years of experience in financial services and has been instrumental in building BNY Mellons presence in Asia Pacific. He is a very strong leader and is the perfect person to take the helm in Singapore and ensure we continue to meet the needs of Singapore institutions, he says.
As head of the Global Sovereign Institutions Group, Arya will support the future needs and growth plans of sovereign wealth funds, sovereign pension plans, central banks/monetary authorities and sovereign-owned entities.
(CG)