November 6, 2024 – New York – BNY Mellon, a global leader in investment management and services, today announced the appointment of Fabian Khoshbakht as the new Head of Treasury Services for Asia Pacific (APAC), effective immediately. Khoshbakht will oversee the strategy, governance, and execution of BNY’s Treasury Services business across the dynamic APAC region, which includes key markets in payments, liquidity, and trade finance. This expanded role builds on his current position as Head of Client Insight and Innovation for Treasury Services, underscoring BNY Mellon’s commitment to advancing financial solutions for clients in Asia Pacific.
In his new role, Khoshbakht will focus on driving strategic growth initiatives for BNY’s Treasury Services across Asia Pacific, fostering deeper client engagement and strengthening the company’s market position across payments, liquidity, and trade finance. Khoshbakht brings over 25 years of extensive experience in treasury services, having held key leadership roles in Australia, Singapore, and the United States. As part of this new position, he will relocate from the U.S. to Singapore, allowing him to work closely with BNY Mellon’s APAC teams and key stakeholders.
Khoshbakht’s appointment comes at a pivotal time for BNY Mellon, as the company continues to expand its presence and capabilities in the Asia Pacific region. Recently, BNY Mellon announced a landmark agreement with Mizuho Bank and a strategic collaboration with the Commonwealth Bank of Australia (CBA) to facilitate near real-time cross-border payments for Australian businesses and individuals. These partnerships underscore BNY Mellon’s commitment to delivering innovative solutions tailored to the unique needs of the APAC market.
Jennifer Barker, Global Head of Treasury Services and Depositary Receipts at BNY Mellon, highlighted the significance of Khoshbakht’s appointment: “The Asia Pacific region continues to present substantial growth opportunities for our business, and we’re witnessing real momentum across our services. Fabian’s deep expertise in treasury services, combined with his leadership in advancing BNY Mellon’s digital technology and fintech partnerships, makes him exceptionally suited for this role. His knowledge and commitment to innovation will be invaluable as we continue to enhance client relationships and expand our capabilities throughout the APAC markets.”
Khoshbakht joined BNY Mellon in 2022, bringing with him a wealth of industry experience across treasury and transaction banking. He has held various senior roles in financial institutions across APAC and the U.S., where he has been instrumental in pioneering digital transformation and client-centric initiatives that drive operational efficiency and client satisfaction.
This strategic appointment aligns with BNY Mellon’s broader mission to support clients’ evolving needs by combining traditional treasury services expertise with emerging digital solutions. As Head of Treasury Services for APAC, Khoshbakht will lead a dedicated team committed to delivering seamless and innovative solutions to institutional clients across the region, with a particular focus on enhancing the speed, transparency, and efficiency of cross-border transactions.
Khoshbakht’s transition to his new role reinforces BNY Mellon’s commitment to building a robust leadership team that understands and addresses the distinct needs of the Asia Pacific market. His relocation to Singapore reflects the firm’s dedication to fostering closer collaboration with clients and partners throughout the region, ensuring they receive the highest levels of service and support in today’s fast-evolving financial landscape.
About BNY Mellon
BNY Mellon is a global leader in investment management and investment services, working with clients to manage and service their financial assets throughout the investment lifecycle. As of the latest quarter, BNY Mellon had $46.3 trillion in assets under custody and administration and $1.9 trillion in assets under management. The company’s Treasury Services division provides cash management, payment processing, trade finance, and foreign exchange solutions to financial institutions and corporations worldwide, making it one of the largest and most trusted treasury services providers in the industry.
