BNY Mellon is committed to strengthening its Japan operations in line with its 40th anniversary celebration in the country.

A series of client and employee events marked the celebration, which was held from 25 to 29 October. BNY Mellon first opened in Tokyo via the Irving Trust Company in 1970 and finally received its branch license in 1973. The company has since grown its range of products and services to include asset management, securities servicing, and corporate trust, among others.

In a statement, the bank said it is continuing to accelerate businesses to meet growing client demand. Over the past months, BNY Mellon Japan has made a number of senior management appointments, including the hiring of Shogo Yamaguchi as president of its asset management unit, BNY Mellon Asset Management Japan, and Dominick Falco as president and chief executive of its Japanese Trust Bank subsidiary. The bank also noted that it is planning to consolidate all its Japanese operations into one location by 2011.

"We are very proud of our achievements in Japan over the last 40 years," Christopher Sturdy, chairman, Asia Pacific, for BNY Mellon, said. "We look forward to continuing to support our people, clients, and communities."

BNY Mellon has a market capitalisation of $32.4 billion worldwide, as of 30 September 2010.