RIYADH, Saudi Arabia,
Oct. 12, 2021 /PRNewswire/ -- BNY
Mellon is joining The Future Investment Initiative Institute (FII
Institute) to support a shared vision for growth in the region
through working together identifying technologies of the future and
sharing knowledge. BNY Mellon and the global foundation, FII
Institute, will work together to turn ideas into real-world
solutions built on Environmental, Social and Governance (ESG)
principles with a focus on sustainability, education, artificial
intelligence and robotics. FII Institute is a prominent forum
for the world's leading companies and the collaboration underlines
BNY Mellon's ongoing commitment to the Kingdom of Saudi Arabia (the Kingdom) and the
broader region.
"We are pleased to be working with FII Institute, together using
our global reach, influence and resources to help build the
future. For more than 230 years BNY Mellon has been central
to building, strengthening and innovating the financial
infrastructure on which some of the world's largest banks and asset
management firms operate. Our approach is very much centered
on furthering the financial growth agenda the Kingdom of Saudi Arabia has forged as part of
its transformation and meaningfully contributing towards realizing
the sustainable vision we both share," said Akash Shah, Chief Growth Officer, BNY
Mellon.
"We are excited to welcome BNY Mellon, a leading global
institution, which supports our shared vision to participate in
shaping a better future for all, built on ESG principles, by
identifying technological solutions, sharing knowledge and working
together to secure sustainable real-world solutions.
Moreover, this agreement reflects FII Institute's commitment to
empower the world's brightest minds to collaborate and actualize a
brighter, more sustainable future for humanity," added
Richard Attias, CEO, FII
Institute.
BNY Mellon has $45 trillion assets
under custody and/or administration and works with a wide range of
sovereign wealth funds, financial institutions, governments and
other clients throughout the region, offering asset servicing and
ancillary services, corporate trust and treasury services.
BNY Mellon has an agreement with SNB Capital, the Kingdom of Saudi Arabia's largest custodian,
to provide global securities services capabilities to institutional
and large asset owners based in the Kingdom. In the Middle East, BNY Mellon has a presence in
Riyadh, Dubai International
Finance Centre, Abu Dhabi Global Market, Cairo and Istanbul.
ABOUT BNY MELLON
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment and wealth management and investment
services in 35 countries. As of June 30,
2021, BNY Mellon had $45.0
trillion in assets under custody and/or administration, and
$2.3 trillion in assets under
management. BNY Mellon can act as a single point of contact for
clients looking to create, trade, hold, manage, service, distribute
or restructure investments. BNY Mellon is the corporate brand of
The Bank of New York Mellon Corporation (NYSE: BK). Additional
information is available on www.bnymellon.com. Follow us on Twitter
@BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for
the latest company news.
ABOUT FII INSTITUTE (FUTURE INVESTMENT INITIATIVE
INSTITUTE)
FII Institute is a global nonprofit foundation with an
investment arm and one agenda: Impact on Humanity. Committed
to Environmental, Social and Governance (ESG) principles, we foster
the brightest minds and transform ideas into real-world solutions
in five focus areas: AI and Robotics, Education, Healthcare and
Sustainability. We are in the right place at the right time –
when decision makers, investors and an engaged generation of youth
come together in aspiration, energized and ready for change.
We harness that energy into three pillars - THINK, XCHANGE, ACT –
and invest in the innovations that make a difference
globally. Join us to own, co-create and actualize positive
impact for humanity. fii-institute.org
Media
Garrett Marquis
+1 949 683 1503
garrett.marquis@bnymellon.com
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SOURCE BNY Mellon