Filippo Santilli to lead BNY MellonÆs new Asia liquidity team

Bank of New York Mellon has appointed Filippo Santilli as its first Asia-Pacific managing director of liquidity services, bringing a much-needed service to regional finance executives who continue to demand robust liquidity management tools.

Based in Hong Kong, Santilli will oversee the expansion of the bank's liquidity offerings in Asia, particularly its Liquidity Direct portal. Launched by BNY Mellon in the US last April, Liquidity Direct is an online money market investment solution designed to enable customers to maximise cash and reduce risk.

The fast pace of Asia's economic growth is outstripping the region's ability to effectively manage its cash, said Chris Sturdy, Asia-Pacific chairman at the bank. Through offering BNY Mellon's liquidity services and...