BNY Mellon promotes Daniel Smith in Asia-Pacific 02 July 2010Hong Kong Reporter:
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BNY Mellon has appointed Daniel J. Smith to the position of chief administrative officer for the Asia-Pacific region. Smith will report to Chris Sturdy, chairman of Asia-Pacific, replacing Lee Stephens who has relocated to the US to a senior business development role in BNY Mellon's Washington DC office.
Smith joined BNY Mellon in 1987 and has held a number of senior management positions in the U.S. including most recently chief administrative officer of BNY Mellon Asset Servicing, the company's global custody and fund administration business which has US$22.4 trillion in assets under administration. He is a member of BNY Mellon's Operating Committee.
In his new role, Smith will be based in Hong Kong and will help drive the development and build-out of the region's infrastructure to support the company's clients and its growth initiatives across Asia-Pacific.
"Today about a third of our profitability and people are outside of the United States in regions with excellent growth prospects," said BNY Mellon's Sturdy. "We are expanding ambitiously but methodically across Asia in both of our core businesses, asset management and securities servicing. Over the longer term, we expect Asia to be a much larger percentage of our bottom line as the region is a key engine of growth for our company."
Sturdy added: "Dan has an excellent reputation for diligence and a proven ability to coordinate across business lines, always with a keen focus on employees and clients. As we accelerate our business growth in Asia, he will be a valuable addition to our leadership team."
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