Launches & Closures

BNY Mellon sets up sovereigns group


Jai Arya
BNY Mellon has established a sovereign institutions group which is being headed by Singapore-based Jai Arya, a 24-year veteran of the bank who most recently served as head of client management in Asia-Pacific.

The sovereign institutions team, which will draw on the contributions and networks of BNY Mellon executives globally, will provide advisory, asset management and securities services to sovereign wealth funds, sovereign pension plans, central banks, monetary authorities and sovereign-owned entities.

BNY Mellon forecasts that sovereign wealth fund assets could more than triple by 2020 to $20 trillion. A steady rise in