The Bank of New York has appointed Michael Chan as managing director and chief operating officer for its Asia Pacific asset servicing business.
Based in Singapore, Chan will be responsible for operations, client service, account processing and other support functions. He reports to Chong Jin Leow, managing director and head of investor services Asia, who is based in Singapore.
"Michael is a valuable addition to the Asia Pacific management team and his regional knowledge and relationships will greatly benefit our business," Chong Jin Leow says. "This senior appointment underlines our commitment to the region to further build our in-region capabilities to better serve our clients."
Prior to joining Bank of New York, Chan was with State Street based in Hong Kong where he oversaw the strategic business development of regional and global relationships in Asia Pacific.