Dubai
07 March 2017
Reporter: Theo Andrew
Paul Farrell joins BNY Mellon MENA team
BNY Mellon has named Paul Farrell as head of sales and relationship management for corporate trust in the Middle East and North Africa.

Based in Dubai, Farrell will be responsible for developing relationships across BNY Mellon’s offices in Abu Dhabi, Beirut, Cairo, Dubai and Istanbul. He will report to Aidan Canny, managing director of regional markets and investment managers for corporate trust in Europe, the Middle East and Africa (EMEA).

Farrell has worked in BNY Mellon’s Corporate Trust business for ten years, most recently leading the new business implementation team in Dublin, focusing on structured finance and secularisation.

In his new role, Farrell will replace Brian Huey, who has moved to BNY Mellon’s global management team, based in London.

Tom Ahern, head of corporate trust for EMEA at BNY Mellon, said: “Paul Farrell’s deep understanding of the regional fiduciary infrastructure will strengthen our presence in the Middle East, where BNY Mellon has been serving clients for nearly a century.”

He added: “It’s a dynamic market and we are seeing a number of exciting opportunities in debt-funded public projects and Islamic finance instruments. While at the same time, the extended period of relatively lower oil prices is triggering new long-term funding opportunities from alternative sources.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Saudi stock exchange makes move to T+2
24 April 2017 | Riyadh | Reporter: Stephanie Palmer
Tadawul, the Saudi Arabian stock exchange, has officially moved to a T+2 settlement cycle for listed securities, from its previous T+0 system
AxiomSL wins commodity transaction and trading reporting mandate
24 April 2017 | London | Reporter: Stephanie Palmer
Commodity trading firm Trafigura PTE has selected the AxiomSL platform for its global trade and transaction reporting
DTCC pushes ahead with best-interest standards despite regulatory delay
21 April 2017 | New York | Reporter: Stephanie Palmer
DTCC's WMS business will go ahead with new capabilities to meet the US DOL's mandatory best-interest standards for retirement savings, despite the department delaying implementation of the standards
Record-breaking Q1 for BNY Mellon
21 April 2017 | New York | Reporter: Stephanie Palmer
BNY Mellon saw record breaking levels of assets under custody and/or administration in Q1 2017, reaching a total of $30.6 trillion
BlackRock sees uptick in AUM
20 April 2017 | New York | Reporter: Stephanie Palmer
BlackRock’s total assets under management (AUM) have seen a 14 percent increase to reach $5.2 trillion, its Q1 2017 results have revealed
$33bn REIT mandate for BNY Mellon
20 April 2017 | New York | Reporter: Stephanie Palmer
BNY Mellon Alternative Investment Services has been selected to provide fund administration for PGIM Real Estate’s US real estate funds
Apex in Saudi fund admin partnership
20 April 2017 | Riyadh | Reporter: Stephanie Palmer
Apex Fund Services has partnered up with Saudi Arabian custodian Albilad Capital, to deliver fund administration solutions to Saudi funds
More news