New York-based BNY has appointed a global role focused on its ventures unit in the United Arab Emirates.
BNY has appointed Madiha Sattar as managing director and Growth Ventures partner, according to a statement, based in the UAE. In the newly created global role, she joins the leadership team of BNY’s Growth Ventures business, which «harnesses the company’s scaled platforms to build new businesses that sit at the intersection of technology, data, and investment solutions».
Sattar has over 20 years of industry experience across operating and strategy roles. She was most recently working at Careem, the MENA region’s largest tech exit, where she built and led several new businesses including in B2B and B2C fintech. Prior to that, she worked at J.P. Morgan and McKinsey & Company in New York. She is also one of 25 experts selected by the Dubai leadership to advise on sectors relevant to its future.
Local Developments
BNY has been operating in the UAE for over 26 years and was recently granted a category 4 license by the Financial Services Regulatory Authority, which allows it to expand the range of solutions offered to clients within the Abu Dhabi Global Market.
On technology, it invested last year in Abu Dhabi-based fintech firm Alpheya, which is developing an end-to-end wealth management platform that meets the growing needs of wealth and asset managers in the Middle East.
«As a leading provider of financial markets data, analytics, and technology, BNY is focused on building the market infrastructure of the future, said Akash Shah, chief growth officer and global head of Growth Ventures at BNY. «We are excited to welcome Madiha, who brings deep experience to the business and will play a strategic role as we accelerate the GCC’s ambitions to become a global center of technology and financial services.»
