Alaa AlMashhadi has been appointed as BNY Saudi Arabia country manager and CEO of BNY’s legal entity in Saudi Arabia. He joins BNY from The Saudi Credit Bureau, where he served as chief business development officer, and board member of its analytics subsidiary, Qarar.
This follows the establishment of BNY’s regional headquarters in Riyadh, KSA. The RHQ provides strategic, administrative and corporate services for BNY in the Middle East. BNY’s existing asset servicing solutions delivered for clients in KSA include global custody, risk solutions, custody FX, and institutional accounting under a Capital Markets Authority licence.