BNY Mellon appoints new country head for Indonesia

BNY Mellon, the global leader in asset management and securities servicing, has appointed IGN Budi Sanjaya as Country Executive for Indonesia and Chief Representative of the company’s Representative Office in Jakarta. Sanjaya will be based in Jakarta and will focus on strengthening and broadening local client relationships. He will report to Jai Arya, Head of Client Management for Asia-Pacific, based in Singapore. “Indonesia is in good economic shape with individual wealth steadily rising and a burgeoning middleclass continuing to fuel the growth of the insurance and asset management sectors,” said Chris Sturdy, Chairman of Asia-Pacific at BNY Mellon. “Indonesia has also been instrumental in promoting Islamic finance and has undertaken variouslegislative measures to encourage its growth. All of these facets present opportunities for BNY Mellon as we are uniquely positioned to support Indonesian institutions’ operational and investment needs, from asset management through to corporate trust services for bond issuances.” Sanjaya has over 20 years international banking experience and has held a number of senior sales and business roles across Asia. Sanjaya joins BNY Mellon from PT. Bank CIMB Niaga where he was Executive Vice President and Head of Financial Institutions and Securities Servicing. BNY Mellon’s Jai Arya added: “In Budi, we have a highly respected business leader whose strategic insights will enhance our ability to anticipate market opportunities and create value for our clients.” BNY Mellon opened a representative office in Jakarta in 1995. --www.asianbankerpublication.com (July 7 2010)--

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