The Bank of New York Mellon has appointed Richard Brown as Managing Director and Head of International Payment and Trade Services for Asia.
Based in Hong Kong and reporting to David Cruikshank, Global Manager, Treasury Services Sales, Brown will be responsible for managing and building The Bank of New York Mellons delivery of payment and trade services, including trade outsourcing, USD clearing and cross-border payments, to clients in Asia.
Brown joins The Bank of New York Mellon from Bank of America, where as senior Asia Pacific business executive he managed global treasury services in Asia. Brown has more than 20 years of experience in financial services, including senior positions with Citibank Canada and Citigroup in Hong Kong.
He also has served as a consultant with McKinsey & Company, and is experienced in securities and commercial fund management. In his new position, Brown replaces Gerard Sheridan, who is assuming new treasury services responsibilities in New York.
Our innovative clearing and trade finance solutions are a perfect fit for the Asian market, and we will continue to invest in the region, said David Cruikshank. With participants in transaction banking increasingly seeking out service providers with a wealth of correspondent banking experience, strong financial backgrounds, industry leading technology and extensive connections throughout the region, were well positioned in this important market. Adding someone with Richards outstanding expertise and collaboration skills to our team is an important step in our growth strategies, and further evidence of our commitment to payments, cash management, trade, trade finance, liquidity management, and other transaction banking services on a global basis.
Asia is one of the worlds most exciting financial markets presenting significant growth opportunities for The Bank of New York Mellon across the broad range of services we offer, said Chris Sturdy, Chairman of Asia Pacific, The Bank of New York Mellon. Richard inherits a strong platform and under his leadership, we are confident that we will continue to help clients grow and succeed in rapidly evolving markets across Asia.
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