HONG KONG, Oct. 13 /Xinhua-PRNewswire/ -- The Bank of New York Mellon, the global leader in asset management and securities servicing, has appointed Lee B. Stephens to the position of Chief Administrative Officer for the Asia Pacific region. Stephens will report to Chris Sturdy, Chairman of Asia Pacific.
Stephens joined The Bank of New York Mellon in 1990 and was most recently a member of the Global Client Management team where, as Executive Vice President and Head of Public Sector Banking, he spearheaded the company's efforts in the U.S., covering key supranational, government, municipal, endowment & foundation and other public tax-exempt enterprises.
In his new role, Stephens will help drive the development and build-out of the region's infrastructure to support the company's governance and growth initiatives across Asia Pacific.
"As Asia's dynamic, high-growth markets continue to develop and offer new and growing business opportunities, we have looked to enhance our management platform," said Chris Sturdy, Chairman of Asia Pacific, The Bank of New York Mellon. "Lee has an excellent reputation for diligence and a proven ability to coordinate across business lines and shared services. As we plan to accelerate our business further in Asia, he will be a valuable addition to our capabilities - both for the company and for our clients."
The Bank of New York Mellon has made a number of senior management appointments in Asia Pacific over the last 12 months. In May 2008, the company appointed Chris Sturdy as Chairman of Asia Pacific and in January 2008, Jai Arya was named Head of Client Management for Asia.
The Bank of New York Mellon has been conducting business in the Asia-Pacific region for over 50 years. The company has 16 offices in 12 countries in the region, including full-service branches in Shanghai, Tokyo, Hong Kong, Singapore, Seoul, and Taipei, and employs around 3,000 employees. Businesses represented in the Asia-Pacific Region include asset servicing, asset management, issuer services and treasury services.
Notes to editors
The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has more than $23 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $12 trillion in outstanding debt. Additional information is available at bnymellon.com.