Bank of New York Mellon appoints Asia-Pacific chairman

Chris Sturdy takes on the Asia-Pacific chairmanship and is replaced by Cole-Fontayn as head of the bank's depositary receipt business.

In a move that signals an increased focus on Asia-Pacific, The Bank of New York Mellon has appointed Chris Sturdy to a new position as chairman of the region. This is the first time the bank, which is active within asset management and securities servicing largely custody-related businesses, will have such a senior representative based in Asia. It indicates that it is ready to expand the business further following the merger between The Bank of New York and Mellon...

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