Bank of New York Mellon Corp (NYSE:BK) has appointed Hani Kablawi as the new Head of Investment Services for Europe, the Middle East and Africa (EMEA).
Formerly Head of Asset Servicing for EMEA, Kablawi will lead the business strategy for Investment Services in the region and will continue to be based in London. Kablawi will report to Brian Shea, Chief Executive Officer (CEO) of Investment Services and Michael Cole-Fontayn, Chairman of EMEA.
Brian Shea, CEO of Investment Services at BNY Mellon said:
Hani’s leadership during a period of unprecedented economic and regulatory change, and his unwavering focus on our clients’ success, make him exceptionally positioned to lead our Investment Services business in EMEA. Under Hani’s leadership we will continue to bring together buy-side and sell-side solutions, and capitalise on our significant investment in technology and innovation to drive growth across the region.”
Kablawi’s role will span BNY Mellon’s services and solutions across asset servicing, alternative investment services, corporate trust services, broker-dealer services, depositary receipts and treasury services.
He joined BNY Mellon in 1997 and has held a number of business, functional and risk management roles based in New York, Abu Dhabi, Dubai and London. Kablawi is a board member of the Arab Bankers Association and recently featured in the Top 100 inaugural UPstanding Executive Power List which celebrates the work carried out by the Black Asian Minority Ethnic business community.
Daron Pearce will replace Kablawi as CEO of Asset Servicing for EMEA. Pearce has a 16-year track record at BNY Mellon, most recently as CEO of Global Financial Institutions for Asset Servicing. He will report to Hani Kablawi and Samir Pandiri who is CEO of Asset Servicing.
Samir Pandiri, CEO of Asset Servicing at BNY Mellon commented:
Hani has developed and delivered on a comprehensive regional plan and put Asset Servicing on a firm footing for further growth. Daron has terrific experience within our company, and a deep knowledge of our clients and our Asset Servicing business. I am confident that he will build on this strong foundation and take the business to the next level.”