Hani Kablawi was appointed head of investment services for Europe, the Middle East and Africa at Bank of New York Mellon, a spokesman said.
The firm has split the former position of head of investment services for EMEA and chairman of EMEA, held by Michael Cole-Fontayn. Mr. Cole-Fontayn remains chairman of EMEA.
The spokesman said this is the first time the position is purely focused on investment services. He added in an e-mail that this is to further bring together buy- and sell-side solutions across asset servicing, alternative investment services, corporate trust services, broker-dealer services, depository receipts and treasury services. Mr. Kablawi reports to Brian Shea, vice chairman and CEO of investment services, and Mr. Cole-Fontayn.
“(Mr. Kablawi’s) leadership during a period of unprecedented economic and regulatory change, and his unwavering focus on our clients’ success, make him exceptionally positioned to lead our investment services business in EMEA,” Mr. Shea said in a news release.
Mr. Kablawi was previously CEO of asset servicing for EMEA. He was replaced by Daron Pearce, who most recently was CEO of global financial institutions for asset servicing. He reports to Mr. Kablawi and Samir Pandiri, executive vice president and CEO of asset servicing. The spokesman said Mr. Pearce is being replaced by Bob Mathisen on an interim basis. “Most recently, (Mr. Mathisen) served as segment executive for the investment management segment for asset servicing and is the current head of the U.S. financial institutions business,” the spokesman said in an e-mail.
Jack Lejk contributed to this story.