BNY Mellon has named its head of markets, clearance and collateral management for the Asia Pacific (APAC) region as the new country executive for its business in Japan.
Mark Militello will continue his role leading the markets business for BNY Mellon, but will relocate from Hong Kong to Japan to take on his new responsibilities.
“Japan is an important market for BNY Mellon. With a presence of more than 50 years in Japan, we continue to see opportunities to deepen our client relationships and grow our business,” said Fangfang Chen, APAC chair and APAC head of asset servicing and digital, BNY Mellon.
“Mark’s combined local, regional and global experience in the financial services industry will be instrumental as we continue to execute on our growth priorities in Japan.”
In the role, Militello will lead the execution of its Japan strategy and growth priorities, and oversee governance responsibilities including regulatory and legal compliance.
He replaces Douglas Hymas, who had served as country executive for Japan and general manager of the Tokyo branch for over six years. Prior to BNY, he spent over five years as CEO and president of ING Mutual Funds Investment Company in Japan.
Militello has led BNY Mellon’s markets and collateral business in APAC for nearly nine years in Hong Kong. He began his career at Morgan Stanley in New York and first moved to Japan in 1987 with Lehman Brothers.
He then joined Shinsei Bank in Tokyo where he held various senior roles including chief operating officer of the institutional bank and co-head of corporate banking.