BNY Mellon creates new trustee role for Hong Kong

BNY Mellon has hired the former head of trustee services for Hong Kong at BBH for a newly created role within the International Trustee and Depositary division.

By Joe Parsons

BNY Mellon has hired Gabriel Cheung as head of trustee in Hong Kong and director of asset servicing and digital, its latest senior appointment for the Asia-Pacific (APAC) business.

In the newly created role within the International Trustee and Depositary division, Cheung will be responsible for overall management of trustee services in Hong Kong.

He will also partner with BNY Mellon’s client coverage and business development teams to drive growth and develop products to meet the varied and increasing demands of clients, particularly around new fund structures across the APAC region.

Cheung joins from Brown Brothers Harriman (BBH) in Hong Kong where he was responsible for establishing, developing and expanding its local trust business. He also held a number of senior roles at HSBC, AIA Pension and Trustee and Mayer Brown JSM.

He will report to Mathew Kathayanat, head of product and strategy, APAC, and Simon Voss, head of International Trustee & Depository.

BNY Mellon has been on an ambitious recruitment drive for its Asia-Pacific business over the past year. These included a series of senior appointments for the asset servicing division in Japan, while also naming Francis Braeckevelt as its Singapore country executive in March, and hiring Fangfang Chen as APAC chairman and regional head of asset servicing and digital.