BNY Mellon Asset Management has hired Thomas Connolly as managing director, head of asset management for the Middle East region.
Connolly will be responsible for developing the asset management business in the region. He will be based in the Dubai branch, working alongside Aki Akiwumi-Thompson and will report to Pauline Stuart, executive director of international business for Europe, Middle East and Africa.
Most recently at the Abu Dhabi Investment Authority (ADIA) where he was responsible for the management of portfolios in the equity and fixed income departments, Connolly was formerly a senior analyst in the equity research department at Bear Stearns, New York.
Alan Mearns, chief executive officer of BNY Mellon Asset Management International, said the appointment is part of the firm’s growing asset management business in the Mena region.
“Thomas Connolly’s experience in asset management will allow us to further enhance our ability to support clients in the region,” he added.
The Bank of New York Mellon established a regional management and business hub in Dubai earlier this year, designed to support its established activities in the region.
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