The Bank of New York Mellon, the US-listed global financial services company, has appointed Richard Brown as managing director and head of international payment and trade services for Asia.

Mr Brown is to be based in Hong Kong, and will be responsible for managing and building BNY Mellon’s delivery of payment and trade services, including trade outsourcing, USD clearing and cross-border payments to clients in Asia.

Mr Brown joins BNY Mellon from Bank of America, where he managed global treasury services in Asia.  He has also held senior positions at Citibank Canada and Citigroup in Hong Kong. In his new role, Mr Brown replaces Gerard Sheridan, who is assuming new treasury services responsibilities in New York. 

Mr Brown will be reporting to David Cruikshank, global manager, treasury services sales. Mr Cruishank said: “Adding someone with Richard’s outstanding expertise and collaboration skills to our team is an important step in our growth strategies, and further evidence of our commitment to payments, cash management, trade, trade finance, liquidity management, and other transaction banking services on a global basis.”

BNY Mellon has approximately $1.1 trillion in assets under management, as of 30 September, and operates in 34 countries.  The company has 16 offices across 12 countries across the Asia-Pacific region, offering asset servicing, asset management, issuer services and treasury services.