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BNY Mellon Appoints Paul Solway as Regional Head of Equity Finance in Asia-Pacific

Nov 26, 2012

NEW YORK and HONG KONG, 26 November, 2012 — BNY Mellon, the global leader in investment management and investment services, has appointed Paul Solway as managing director and Regional Head of Equity Finance for Asia-Pacific (APAC). Based in Hong Kong, Solway will report to Robert Chiuch, Managing Director, Global Head of Equity Finance in New York.

In this new regional role, Solway will be instrumental in developing a strong Asia-Pacific equity financing business. His primary focus will be to review and expand BNY Mellon’s local distribution channels, enhance and develop the firm’s equity financing product lines, and additionally, partner with colleagues in the broader Global Collateral Services team to deliver collateral solutions to Asian institutional investors. Solway will join BNY Mellon’s Asia-Pacific Operating Committee.

“From a securities financing perspective, Asia stands out globally as a region where asset owner demand, and in turn revenues, are rising,” observes James Slater, Head of the Global Collateral Services Securities Finance Group. “As such, to ensure that we are able to meet the growing needs of Asian institutions, we are steadily investing in our local infrastructure and hiring highly qualified individuals to lead our efforts.”

“Over the next 12 months we will be deeply focused on current and prospective clients in the region by exploring ways to expand existing relationships and build new ones, and strategically aligning our people, products and resources with those of the client to achieve the best possible results,” added BNY Mellon’s Robert Chiuch.

Solway has over 20 years of experience in the financial services industry and has worked at several leading global financial institutions before joining BNY Mellon including Macquarie Bank, HSBC Securities and Nomura International.

Global Collateral Services offers a comprehensive suite of capabilities to help our clients address their collateral, liquidity and securities financing needs. As they face evolving global regulations and rapidly changing market requirements, clients can leverage BNY Mellon’s products and services to better manage counterparty and market risk in their collateral transactions, engage in more investment opportunities to help maximize their investment returns and access new financing alternatives. BNY Mellon currently services $2 trillion in global collateral (including tri-party repo collateral worldwide) and approximately $100 billion in assets through its Liquidity DIRECT SM investment portal, and operates one of the industry’s largest securities lending programs, with $3 trillion in lendable assets.

BNY Mellon 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 $27.9 trillion in assets under custody and administration and $1.4 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.