Mitigating the risks of open account trade

In its 240th year the bank has created the brand BNY, with divisions to be renamed BNY Investments, BNY Wealth and BNY Pershing.

Kunio Watanabe, most recently executive chairman of Nomura Holding America, has become BNY Mellon's Japan country executive and representative for its Tokyo Branch.

The banking group has large back-office centres in India, China, Malaysia and Poland; over 7,800 such roles could be impacted. The bank has also increased its profit targets for 2030 and confirmed group CFO and COO appointments.

The Singaporean tech firm's $1.49bn deal will boost its financial services arm across five markets.

Metzger is joining SC's Corporate & Investment Banking team as global head, coverage banking; Kaustubh Kulkarni, co-head at Citi's Apac investment banking team will lead the team at Citi.

Beijing-based Jim Wang is leading the subsidiary of Standard Chartered Bank (Hong Kong).