BNY Mellon has appointed Robert Whittemore as new head of treasury services in Japan. Based in Tokyo, Mr Whittemore will report to Richard Brown, head of treasury services for Asia, located in Hong Kong.
Mr Whittemore will be responsible for managing and building BNY Mellon’s delivery of payment and trade services, including trade outsourcing, USD clearing and cross-border payments, to Japanese institutions.
Mr Whittemore has over 24 years financial services experience and has held a number of senior sales and business roles across Asia. He worked for Bankers Trust in Tokyo for nine years and also worked for Chase Manhattan Bank in Hong Kong and Tokyo for an additional six years. He joined BNY Mellon from Rye, New York and most recently was an independent financial consultant.
Mr Brown said: “Japan is a major and growing market for BNY Mellon, as the biggest banks and even regional banks demand robust, high quality services, such as global payments, from a provider with global scale, reach, and technology, and the highest service standards. Rather than competing with them for their corporate or retail clients, our model is to access these markets through local partner banks, so we achieve win-win solutions that enable them to grow their businesses.
“Judging by our growth in Japan, especially through the global financial crisis, this model meshes perfectly with Japanese needs. It is therefore vital that we have strong local leadership in Tokyo to drive our business forward and ensure our products and services are readily available to the Japanese institutional market.”