BNY Mellon has appointed a new chairman for Asia Pacific.
David Cruikshank succeeds Stephen Lackey, who has been Asia-Pacific chairman since 2011 and will take on the vice chairmanship of the company’s Pennsylvania region in addition to a new strategic client management role within the global client management group.
Based in Hong Kong, Cruikshank will chair the Asia Pacific executive committee and lead the regional management team in executing the company’s business strategy for the Asia-Pacific region.
Working closely with BNY Mellon's global business heads, he will serve as the company's primary representative with the local regulatory authorities and oversee client management for the region.
He will report to Karen Peetz, President of BNY Mellon.
With more than 25 years’ experience in financial services, Cruikshank joined BNY Mellon in 2003 and leads the corporates and public finance market segment team within global client management, one of the four key segments served by the company.
Prior to this role, he served as chief executive officer of Treasury Services at BNY Mellon.
His experience also includes acting as global head of sales and relationship management of Treasury Services at BNY Mellon, as well as Citibank and ABN AMRO Bank, where he has held various positions.
'Asia is a key engine of growth for BNY Mellon,' said Gerald L. Hassell, chairman and chief executive officer of BNY Mellon. 'Our priority is to capitalize on our significant investment in technology and innovation to provide relevant insights and ultimately drive further growth across the region.'
Meanwhile, Lackey’s new responsibilities will include the ongoing development of key client relationships and managing the APAC client team in New York.
Additionally, as vice chair for the Pennsylvania region, he will partner with Ian Stewart, chairman of BNY Mellon Pennsylvania, and the other executive officers of the region, to help lead the Pittsburgh campus, further developing and strengthening our community partnerships within the Pittsburgh area.
He will continue to report to Karen Peetz.
Lackey joined BNY Mellon in 1981 and, prior to moving to Hong Kong, served as BNY Mellon’s director of global corporate development and investor relations.
As of June 30, 2016, BNY Mellon had $1.7 trillion in assets under management.