The Bank of New York Mellon, one of the largest asset management and securities servicing firms, has appointed Navneet Singh as head of India operations. Singh, a Standard Chartered Bank veteran, will take charge as country executive for India and as chief representative at the company’s Mumbai office.
Bank of New York Mellon was created in 2007 by a merger between the Bank of New York and Mellon Financial Corp. It has about 42,900 staff worldwide and with over $928 billion in assets under management.
Singh will lead the development and implementation of the company’s business strategy for India with a focus on strengthening and broadening local client relationships. He will report to Christopher Sturdy, Chairman of Asia Pacific, who is based out of Asia Pacific headquarters in Hong Kong.
Singh has spent over 25 years at Standard Chartered Bank and was till recently Regional Head of Legal and Compliance for five countries in South Asia including India. He has also served as Head Corporate Banking (India) and Head of Strategy with the Standard Chartered Bank.
“India, with its high growth trajectory and expanding savings and investment pool, is therefore a key focus for our company,” said Christopher Sturdy, Chairman of Asia Pacific, The Bank of New York Mellon. The Bank of Nw York New Mellon already has back office operations in India since 1983 and has over 4,000 employees located in Pune, Chennai and Mumbai.