Bank of New York Mellon appoints Asia-Pacific chairman

In a move that signals an increased focus on Asia-Pacific, The Bank of New York Mellon has appointed Chris Sturdy to a new position as chairman of the region. This is the first time the bank, which is active within asset management and securities servicing (largely custody-related businesses), will have such a senior representative based in Asia. It indicates that it is ready to expand the business further following the merger between The Bank of New York and Mellon Financial Corporat…