Published: May 1, 2016
BNY Mellon is strengthening its commitment and focus on the EMEA region with a senior level Markets appointment to a newly-created position.
BNY Mellon has appointed Richard Gill as head of markets business in EMEA, in a role which will see him lead the bank’s regional business strategy with responsibility for a 300-strong team. He will report to Michelle Neal, president of BNY Mellon Markets.
“This is a definite move by BNY Mellon Markets to focus more closely on the EMEA region while still retaining our global footprint,” Gill told EMEA Finance.
“BNY Mellon is a global institution with global coverage, but my appointment underscores the importance of the EMEA region to us. What we plan to do is focus more closely on empowering FIs in the EMEA region to help them deliver on new opportunities, and we want to be able to service their needs ‘locally’ whenever possible.”
Gill pointed out that, among the opportunities presented by EMEA, BNY Mellon is seeking capitalise on improving economic conditions in a number of countries.
“BNY Mellon Markets is a global business and recognises that, whereas some of the more advanced economies are now slowing down, some of the developing economies are seeing more growth. Africa, and Sub-Saharan Africa in particular, have been powering ahead in the last few years, and we need to be able to transact on behalf of our clients when they are doing business.”