Chan will continue to be based in Singapore and will report to Samir Pandiri, chief executive officer of asset servicing, based in the United States. Chan remains on BNY Mellon’s Asia-Pacific operating committee and will join the firm’s Asia-Pacific executive committee, chaired by Steve Lackey, Asia-Pacific Chairman, BNY Mellon.
Chan was previously managing director and head of sales and business development for BNY Mellon’s asset servicing business in Asia. He originally joined the firm in 2007 as chief operating officer for Asia asset servicing. Prior to this, Chan spent 13 years at State Street and held senior roles spanning from operations to business development in North America and Asia.
'We are committed to continuing to invest and grow our Asset Servicing business in Asia which today is one of the fastest growing businesses in the company', observed BNY Mellon’s Pandiri. 'We have a strong and experienced local team whose expertise and dedication has led to BNY Mellon receiving many industry honors in recent years. Accordingly, we firmly believe we embody the qualities, and have the solutions, which will continue to help our clients to manage risk in the global markets and achieve their growth ambitions'.
Lackey added: 'With a wealth of asset servicing experience in the Asia-Pacific region in sales, client servicing and operations, Michael and his team in the region are ideally placed to ensure we continue to support the future growth of our clients' businesses and steer our asset servicing business to the next level in Asia-Pacific'.
BNY Mellon’s Asset Servicing business supports institutional investors in today's fast-evolving markets, safeguarding assets and enhancing the management and administration of client investments through services that process, monitor and measure data from around the world. We leverage our global footprint and local expertise to deliver insight and solutions across every stage of the investment lifecycle.