Connolly will develop BNY's Middle East asset management business based in the BNY Mellon Dubai branch office at the Dubai International Financial Centre. He will work alongside Aki Akiwumi-Thompson and report to Pauline Stuart, executive director of institutional business for Europe, Middle East & Africa.
Connolly joins from the Abu Dhabi Investment Authority (ADIA), where he was responsible for the management of equity and fixed income portfolios. Prior to this Connolly was a senior analyst in the equity research department at Bear Stearns in New York.
Earlier this year BNY Mellon Asset Management’s parent, Bank of New York Mellon, established a regional management and business hub in Dubai. This supports its established activities in the region which encompass offices in Abu Dhabi, Beirut, Cairo, Istanbul and Johannesburg.
The Dubai office received its branch licence from the Dubai Financial Services Authority in April 2008.