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/C O R R E C T I O N -- BNY Mellon/
In the news release, Akash Shah Joins BNY Mellon as Head of Strategy, effective July 30, 2018, issued 26-Jul-2018 by BNY Mellon over PR Newswire, we are advised by the company that the quote in the third paragraph has been updated. The complete, corrected release follows: Akash Shah Joins BNY Mellon as Head of Strategy, effective July 30, 2018NEW YORK, July 26, 2018 /PRNewswire/ -- BNY Mellon today announced that Akash Shah will join the company as a Senior Executive Vice President in the newly-created role of Head of Strategy, effective July 30, 2018. Mr. Shah will report to Charles W. Scharf, Chief Executive Officer, and join the Executive Committee, BNY Mellon's senior-most governing body. Mr. Shah will be based in New York.
As Head of Strategy, Mr. Shah will be responsible for helping BNY Mellon develop and implement its long-term objectives, shape external partnerships and alliances, and respond to the increasingly dynamic financial services ecosystem. "I am very pleased to welcome Akash to BNY Mellon," said Mr. Scharf. "Throughout his career, Akash has focused on transforming companies. We're at an exciting moment in BNY Mellon's long history, focused on organic growth and innovation. Akash's leadership will be integral in continuing to transform our business to better serve our clients." Mr. Shah joins BNY Mellon from McKinsey & Company, where he was a Partner in the New York office. He has over twelve years of experience advising leading financial institutions in the U.S., Europe, and Asia. He co-led McKinsey's Capital Markets & Investment Banking practice and authored multiple reports on the firm's perspectives on the future structure of the wholesale banking industry. Mr. Shah said, "I am excited to join BNY Mellon and look forward to working with the many talented executives within the Strategy organization to optimize our global business to better serve clients." BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of June 30, 2018, BNY Mellon had $33.6 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. Contacts: Media Analysts
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