TOKYO, Nov. 25, 2010 /PRNewswire-FirstCall/ -- BNY Mellon, the global leader in asset management and securities servicing, has appointed Thom Fisher as General Manager of the company's Tokyo Branch and Country Executive for Japan. In his role as Country Executive, Fisher is the chief strategist, leader and senior representative for the company's business groups with regulators and clients. He will report to Christopher Sturdy, Chairman of Asia Pacific, based at the company's regional Asia-Pacific headquarters in Hong Kong.
Malcolm Podmore, who has been serving as General Manager since March, will assume the role of Deputy General Manager, in addition to his role as Head of Global Operations for Japan, and locally report to Fisher.
Fisher has over 35 years experience in the asset management and securities servicing industry having held a wide range of senior management roles at Deutsche Bank, Natwest Securities Limited, Tiger Management, BPB Associates and Morgan Stanley. He was most recently a consultant to Blue Sky Strategy Limited, a UK-based hedge fund manager, specializing in the Middle East.
Fisher has worked extensively in Asia-Pacific during his long career including three years in Singapore as Chief Infrastructure Officer for Asia-Pacific at Deutsche Bank (2003-2006). Whilst at Morgan Stanley in the 1980s, Fisher spent two years in Hong Kong and three years in Tokyo where he was responsible for directing the initiative to be the first foreign firm to trade and self-clear on the Tokyo Stock exchange.
BNY Mellon has been servicing Japanese institutions for almost 100 years and last month celebrated its 40th anniversary in Japan. The company opened its first office in Tokyo in 1970 via the Irving Trust Company (which merged with Bank of New York in 1988) and was granted a branch license in 1973. BNY Mellon provides a wide variety of products and services to Japanese institutional and wholesale marketplace including asset management, securities servicing and corporate trust.
In September 2010, BNY Mellon announced plans to combine its Japanese operations into Marunouchi Trust Tower Main in Tokyo and will relocate to the new building in 2011. The company currently has approximately 240 employees located in Tokyo and plans to increase this by an additional 75 people over the next three years as its business grows.
BNY Mellon is listed on the New York Stock Exchange and has a market capitalization of US$32.4 billion (30 September 2010) making it the sixth largest bank by market capitalization in the United States. The company is also one of the strongest financial institutions globally, with the highest debt ratings of all major U.S. banks as ranked by both Moody's and S&P.
Notes to editors
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon 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 $24.4 trillion in assets under custody and administration and $1.14 trillion in assets under management, services $12 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at http://www.bnymellon.com/.
BNY Mellon
CONTACT: Louisa Bartoszek of BNY Mellon, +44 30 7163 2826,
louisa.bartoszek@bnymellon.com; or Dan Underwood of Ashton Consulting, +81 (0)
3 5425-7220, dhu@ashton.jp
Web Site: http://www.bnymellon.com/
