Bank of New York Mellon appoints first India head

Shekar Ranganathan takes the top finance job in Bank of New York MellonÆs Asia-Pacific executive line up.

The index tracks 30 Chinese companies that have primary listings through depositary receipts in the US.

KH Kang joins Bank of New York Mellon from Woori Securities to take up the post as head of trading in Korea.

The licence enables Bank of New York Mellon to provide banking services to its institutional clients and will broaden its range of local and global capabilities.

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

Gregory Roath replaces Chris Kearns who has relocated to New York to focus on global business strategy and product development and to take up a position as deputy CEO of BNY Mellon's DR business.