BNY Mellon Creates New Sovereign Advisory Board

The Bank of New York Mellon has announced the creation of a new advisory board in order to serve sovereign organizations, which include sovereign wealth funds, sovereign pension plans
By None

The Bank of New York Mellon has announced the creation of a new advisory board in order to serve sovereign organizations, 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.

Sovereign wealth funds have become increasingly prominent over the past decade, driven in part by record prices in trade surpluses and commodities in many Middle Eastern and Asian economies. As a result, the breadth of their investments and the services they require has evolved. This new Sovereign Advisory Board will aim to provide sovereign clients access to BNY Mellon’s range of products and services spanning asset management, asset servicing, issuer services, clearing services and treasury services.

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