Nov 28, 2012
Hong Kong/ Singapore, November 26th 2012 – BNY Mellon, the global leader in investment management and investment services, has appointed Paul Solway as managing director and Regional Head of Equity Finance for Asia-Pacific (APAC). Based in Hong Kong, Solway will report to Robert Chiuch, Managing Director, Global Head of Equity Finance in New York.
In this new regional role, Solway will be instrumental in developing a strong Asia-Pacific equity financing business. His primary focus will be to review and expand BNY Mellon’s local distribution channels, enhance and develop the firm’s equity financing product lines, and additionally, partner with colleagues in the broader Global Collateral Services team to deliver collateral solutions to Asian institutional investors. Solway will join BNY Mellon’s Asia-Pacific Operating Committee.
“From a securities financing perspective, Asia stands out globally as a region where asset owner demand, and in turn revenues, are rising,” observes James Slater, Head of the Global Collateral Services Securities Finance Group. “As such, to ensure that we are able to meet the growing needs of Asian institutions, we are steadily investing in our local infrastructure and hiring highly qualified individuals to lead our efforts.”
“Over the next 12 months we will be deeply focused on current and prospective clients in the region by exploring ways to expand existing relationships and build new ones, and strategically aligning our people, products and resources with those of the client to achieve the best possible results,” added BNY Mellon’s Robert Chiuch.
Re-disseminated by The Asian Banker