American investment manager BNY Mellon has named Paul Bolinowsky as its Australian country head, replacing Phil Filippelis, whose departure was announced by the company in June.
In his new position, Bolinowsky will be in charge of the overall strategic direction for the Australian unit and focus on expanding the company’s reach in Australia.
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He will operate out of Sydney and report to BNY Mellon Asia Pacific head of institutional distribution ex-Japan Deborah Bannon.
Commenting on the appointment of Bolinowsky, Bannon said: “Australia is a strategically important market for us in the Asia Pacific region where it’s essential to have local presence to support local clients.
“Paul’s role will be to expand our business amongst the institutional market working closely with clients and prospects, while also looking at strategic opportunities in other channels.”
Bolinowsky previously held the role of CEO at Glennon Capital and other senior management roles at Amundi Pioneer, UBS Global Asset Management, and Alliance Bernstein.
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By GlobalDataBolinowsky said: “I have been a keen observer of BNY Investment Management’s business model for many years.
“Through its investment firms, such as Alcentra, Mellon and Newton, the firm is able to offer a compelling choice of both traditional and alternative capabilities to Australian institutional investors. It has also demonstrated a willingness to innovate as market conditions evolve. In what has become one of the most discerning markets in the world, I look forward to working with Australian investors in an effort to improve their portfolio outcomes.”
In October this year, BNY Mellon joined forces with NCB Capital to offer custody and associated asset servicing activities in Saudi Arabia.
In September, BNY Mellon set up an office in the Taiwan capital of Taipei and named Rebecca Chu as the head of Taiwan.
