BNY Mellon has appointed Sam Xu as country executive for China.
Based in Shanghai, Xu will report to Gregory Roath, head of global client management.
Most recently, Xu served as head of transaction banking for China at Standard Chartered, where he covered cash and liquidity management, trade finance, custody, and other securities services.
Prior to Standard Chartered, Xu worked for Deutsche Bank and J.P. Morgan in China as well as New York.
Xu succeeds Robert Kung, who will be retiring following five years with BNY Mellon.
David Cruikshank, chairman of Asia Pacific at BNY Mellon, commented: “China is an important and promising market for BNY Mellon.”
Gregory Roath, head of client management for BNY Mellon’s Asia Pacific region, said: “I am pleased to have Xu joining BNY Mellon to lead the strategic direction and expansion of the company's local capabilities and presence across all businesses in China.”
Roath added: “With his diverse background and extensive experience in the industry, his leadership will be integral to further driving BNY Mellon’s business in China as we continue to deliver excellence for our clients across the investment lifecycle.”
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