BNY Mellon, the leading asset management and securities services provider, has appointed Mark Fenner as head of relationship management and sales for treasury services across Middle East and Africa.

Based in Dubai, Fenner will lead teams of relationship and sales officers in Beirut, Cairo, Dubai, Istanbul and Johannesburg, a statement said.

Mark Fenner, who joined BNY Mellon in 2000, has over 18 years of international banking experience in the EMEA region and was previously responsible for client management across Switzerland and Liechtenstein.

“The Middle East and Africa continues to be a crucial region for BNY Mellon Treasury Services, and Mark’s appointment is a testament to our continued strong commitment to that business,” said Alan Verschoyle-King, head of treasury services for EMEA.

“The past decade has seen two extraordinary banking trends in the Middle East. The first has been the growth of Islamic banking, brought about by a pent-up demand for Sharia compliant banking services.”

“The second is the convergence of two core banking functions – trade finance and cash management. Combining Mark’s depth of experience in client management, country management and credit with our full suite of Treasury products, we believe our clients will see a better level of service in these two areas,” he added. – TradeArabia News Service