, Oct. 8, 2012 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment servicing, has appointed
(APAC) Head of Intermediary Distribution to spearhead the expansion of the company's distribution partnerships in the region.
In this new role, Suri will be responsible for developing and managing the build out of the APAC intermediary sales strategy and distribution channel network and relationships, as BNY Mellon continues to develop innovative, client-focused strategies and solutions to meet the changing needs of investors in the region. His focus will be on building new partnerships with consumer banks, private banks and family offices, insurance and pension providers, securities companies, IFAs and other financial intermediaries.
, Suri will report into
, Chief Executive Officer for BNY Mellon's APAC investment management business, and to
, BNY Mellon's Head of Global Distribution, based in London. Suri joins BNY Mellon's APAC Investment Management Executive Committee and BNY Mellon's APAC Operating Committee.
has now surpassed both
and the US in the number of millionaires and we may see that gap widen further over the next decade in
's favour," observed BNY Mellon's Harden. "To truly become one of the premier investment firms in
, it is crucial that we excel in the key areas of distribution and client service, not just to the institutional market, but the wholesale market as well."
"While we have been successful with institutional clients throughout the region and intermediaries in
, BNY Mellon has in the past been under-represented in the intermediary and wholesale space across the region," added BNY Mellon's Pardi. "Navin's primary goal will therefore be to explore how we can best service this exciting space in a differentiated and compelling way."
Suri's career in investment management distribution spans over 20 years and he joins BNY Mellon from ING Investment Management where he was Managing Director and CEO for the firm's business in India. Prior to joining ING Investment Management in 2008, Suri held several senior positions at Citibank in
including APAC Head of Sales for Citibank's retail banking arm, and APAC Sales and Distribution Head for Citibank's investments business.
Notes to Editors:
BNY Mellon Investment Management
is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with
in assets under management. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. More information can be found at
is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has
in assets under custody and administration and
in assets under management, services
in outstanding debt and processes global payments averaging
per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available on
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SOURCE BNY Mellon