Ashvin (Ash) Parkash has joined BNY on December 9 as head of world markets buying and selling for Asia Pacific (Apac).
The worldwide financial institution has handed Parkash accountability for accelerating its world markets buying and selling providers to purchasers throughout the Apac area, in line with the a media launch.
Parkash (pictured) will proceed to be primarily based in Singapore and is becoming a member of BNY from Nomura, the place he was answerable for digital distribution throughout fastened earnings and FX. With 25 years of trade expertise, along with Nomura, Parkash has held management roles at BNP Paribas, Citibank, and Lehman Brothers.
Parkash will report back to Jason Vitale, BNY’s head of world markets buying and selling, and Nelius De Groot, BNY’s head of markets worldwide.
BNY is trying to develop its world markets buying and selling enterprise internationally and this newest transfer follows the institution of its EU buying and selling desk, and the appointment of Bianca Gould as head of fastened earnings and equities for EMEA, earlier this yr.
Within the media launch, Vitale commented: “A continues to current actual alternatives for our enterprise, as we see rising demand from our purchasers in search of differentiated execution providers and high-quality options to streamline their working mannequin.”
Vitale added: “I’m thrilled to welcome Ash, whose monitor report in rising companies and expertise in product technique make him a super match as we ship high-quality options for our purchasers throughout markets.”
UAE appointment
BNY has additionally appointed Madiha Sattar as managing director and Progress Ventures associate, in a newly created world position primarily based within the United Arab Emirates (UAE).
Sattar has joined the management group of BNY’s Progress Ventures enterprise, which oversees new companies that sit between expertise, knowledge, and funding options.
Final yr, BNY invested in Abu Dhabi-based monetary tech agency Alpheya, which is growing an end-to-end wealth administration platform for wealth and asset managers within the Center East.
As Progress Ventures associate, Sattar will play a strategic position working with purchasers within the area to construct and put money into regional and world alternatives throughout monetary markets knowledge and analytics, wealth expertise, and different property knowledge and distribution.
With over 20 years’ expertise throughout working and technique roles, Sattar joins BNY from Careem, a MENA tremendous app bought to Uber in 2019 for $3.1 billion, the place she constructed and led a number of new companies. Previous to that, Sattar hung out at JP Morgan Chase and McKinsey in New York.
BNY has been working within the UAE for over 26 years and was lately granted a class 4 license by the Monetary Providers Regulatory Authority to broaden its providing to purchasers inside the Abu Dhabi World Market.
Akash Shah, chief development officer and world head of development ventures at BNY, stated, “We’re excited to welcome Madiha, who brings deep expertise to the enterprise and can play a strategic position as we speed up the GCC’s ambitions to turn out to be a world centre of expertise and monetary providers.”
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