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BNY Mellon | Pershing Appoints Umar Zaman as Head of Strategy in EMEA

LONDON – BNY Mellon | Pershing, a leading provider of global financial business solutions, has appointed Umar Zaman as Head of Strategy for its EMEA business, based in London. Umar will join the BNY Mellon | Pershing EMEA Executive Committee.

In this newly created role, Umar will be responsible for shaping Pershing EMEA’s strategy and value proposition as we continue to support clients’ needs for simplification, scale and service.

Umar will report to the Head of Pershing EMEA, Cécile Nagel.

Umar is an experienced transformation leader, with a career spanning over 20 years. He has worked across a diverse range of global organisations, including large UK and European wealth and asset management firms and consultancies, where he led complex transformations and delivered innovative solutions to build sustainable future capabilities. He has also held multiple senior leadership positions at PwC, EY and AXA Investment Managers. He joins BNY Mellon | Pershing from Investec Wealth & Investments where he served as the Head of Strategic Initiatives and Innovation.

“We are pleased to welcome Umar to BNY Mellon | Pershing,” said Nagel. “Umar brings a wealth of expertise to our business, in defining and setting strategic direction for companies and an ability to steer organisations towards sustainable growth and operational excellence. This will prove instrumental and invaluable as we continue to refine our strategy in a dynamic and competitive industry landscape.”    

Zaman continued: “There is an increasing growing need for wealth and asset management firms to simplify complex operating models and invest in technology to differentiate their client service and achieve the scale required to meet their growth ambitions. Pershing EMEA is renowned for its ability to support firms on their transformation journeys towards long-term, profitable growth. I look forward to collaborating with EMEA team to identify opportunities that will enhance our proposition, squarely focused on the interests of our clients.”

BNY Mellon Pershing Limited and its subsidiaries provide broker-dealers, asset managers, intermediary firms, IFAs, and financial institutions across EMEA with a comprehensive range of products, services, and solutions including fully disclosed custody, clearing and settlement for wealth managers and advisers as well as institutional global clearing and trading services. Established in London in 1987, Pershing Limited and its subsidiary, Pershing Securities Limited (through which Pershing Trading Services in EMEA is operated), are members of the London Stock Exchange and CREST. Pershing Limited is also a member of LCH Limited (EquityClear®). Pershing Securities Limited is a member of various markets and clearing houses including LCH SA and EuroCCP NV. Pershing Limited is an affiliate of Pershing LLC, a leading global provider of financial business solutions to institutional and retail financial organisations and independent investment advisers. Pershing LLC (member FINRA/NYSE/SIPC) is a member of every major US securities exchange, and both are subsidiaries of The Bank of New York Mellon Corporation. Additional information is available at

Established in 1784, BNY Mellon is America’s oldest bank and the first company listed on the New York Stock Exchange (NYSE: BK). Today, BNY Mellon powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY Mellon had $46.6 trillion in assets under custody and/or administration and $1.9 trillion in assets under management as of March 31, 2023. BNY Mellon has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available on Follow us on LinkedIn or visit our Newsroom for the latest company news.

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