BNY has appointed Madiha Sattar as Managing Director and Growth Ventures partner, 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.

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.