DiCocco will assume the role on December 1st, 2012 and will also join BNY Mellon’s Asia-Pacific Executive Committee on this date. He will continue to be based in Hong Kong and will report to Alan Verschoyle-King, Global Head - Sales & Client Management, Treasury Services, BNY Mellon.
'Treasury Services is a core business for BNY Mellon and we continue to expand, invest and grow on all fronts having substantially increased our market share in Asia-Pacific over the last five years', said Verschoyle-King. 'Looking to the future, we will continue to invest strongly in our global treasury technology platform, with a growing proportion of this investment focusing on Asia-Pacific, which underlines our commitment to the region. As a result, we will offer clients additional currency clearing services, enhanced currency and liquidity management capabilities, and an expanded supply chain management solution-set'.
'Asia-Pacific has for a number of years been one of the key growth engines for BNY Mellon across all our investment services businesses', added Steve Lackey, Asia-Pacific Chairman, BNY Mellon. 'Fred inherits a strong platform and - under his leadership - we are confident that we will continue to help clients grow and succeed in rapidly evolving markets across this region'.
DiCocco has over 20 years banking experience and joined BNY Mellon in 1998. He has supported the Asia-Pacific region for 12 years and since relocating to Hong Kong in 2006, he has held a number of senior roles in relation to trade and payments. DiCocco most recently served as the Treasury Services Asia-Pacific Market Manager, and in this role he has had responsibility for the firm’s market strategy and business development in the region, across the full range of Treasury Services solution-sets including multicurrency payments services, trade finance and other related activities.
Prior to this, DiCocco held a variety of senior sales, product management, network management and relationship management roles with BNY Mellon and other major global banks. Those roles were based in each of the North America, Europe, Middle East and Asia-Pacific regions, and so in addition to his broad range of skills and experiences, DiCocco will bring a truly global perspective to his new position.
DiCocco is a member of Bankers Association for Finance and Trade (BAFT) and serves on the organisation's Asia-Pacific Council.