American asset manager BNY Mellon Investment Management has named Katsutoshi Endo as its representative director and president for Japan.
Endo replaces Shogo Yamaguchi who will remain the director and chairman of the firm.
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Part of BNY Mellon Investment Management Japan since 2016, Endo has been latterly serving as its head of retail sales and marketing.
He has worked with AllianceBernstein Japan for 12 years and held several key positions at the firm, including Japan Client Group deputy head, institutional sales head, and product management head.
Commenting on Endo’s appointment, BNY Mellon Investment Management global head of distribution Matt Oomen said: “Japan is a strategically important market for us, where we have been present for more than 22 years.
“Endo has successfully grown the retail channel since joining us in 2016, and he is a natural successor to take on the role of representative director, president.”
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By GlobalDataFocus on Asia
BNY Mellon has been strengthening its operations in the Asian region to capitalise on the wealth expansion in the region.
In addition to Japan, the firm has operations in Taiwan, Hong Kong, Singapore, Shanghai, Sydney, Tokyo, Seoul and China, among others.
In December last year, BNY Mellon named Paul Bolinowsky as its Australian country head, replacing Phil Filippelis.
In September last year, the company set up an office in Taipei, Taiwan and named Rebecca Chu as the head of Taiwan.
Meanwhile, BNY Mellon reported a 50% slump in net income and a 20% decrease in total revenue in Q4 2020. However, the firm registered growth in both assets under custody and/or administration (AUC/A) and assets under management (AUM).
Further expansion
The Bank of New York Mellon SA/NV (the European Bank) has opened a new branch in Madrid, Spain to provide its existing and prospective clients with access to its global capabilities and innovative solutions.
The move follows the launch of the Copenhagen branch last December.
European Bank CEO Leonique van Houwelingen noted that the launch of the Madrid branch reflects the importance of the firm’s strong partnerships in Iberia.
He added: “Our technological expertise, data solutions and breadth of experience meet the needs of large asset owners and managers and we are excited that our new branch will drive growth and provide clients in the region with enhanced and more seamless access to our global capabilities.”
Mariano Giralt will become the branch manager and Ana Arias will be the deputy branch manager of the new office.
The European Bank has offices in Belgium, Denmark, France, Germany, Ireland, Italy, Luxembourg, and the Netherlands.
