Gregory Roath has been promoted to head of Bank of New York Mellon's depositary receipt business in Asia-Pacific, replacing Christopher Kearns who has relocated to New York, according to a press release.
BNY Mellon is one of the top four DR banks globally and, according to the release, it advised on just over half of the new DR programmes that were created in Asia last year. Its overall market share in the region is 56%.
Roath, who is based in Hong Kong, was previously head of the depositary receipts division in North Asia, where he was responsible for the region's relationship management and new business development teams.
He has more than a decade's experience...