BNY Mellon Investment Management has hired from rival J.P. Morgan Asset Management for a new Head of Financial Institutions Group, in Japan.
Based in Tokyo, Yoshiyuki Shimoyama will focus on Japanese banks and insurance companies, providing investment solutions from BNY Mellon’s suite of investment boutiques.
He will report to Shogo Yamaguchi, Chairman and President of BNY Mellon Asset Management (BNYIM) Japan, and Lindsay Wright, Head of Distribution and co-Head of (BNYIM) Asia Pacific, the company said in a statement.
Shimoyama joins from J.P. Morgan Asset Management Japan, where he had worked since 1990 when he joined Morgan Guaranty Trust Company of New York, in Tokyo.
Japanese Allocations Shifting
During his 26 years at J.P. Morgan he held a number of senior positions including most recently Executive Director, Head of Financial Institutions Sales & Marketing; Vice President, Institutional Sales & Marketing and prior to that Head of Pension Funds.
«We are seeing an increasing number of Japanese financial institutions shifting their allocation away from Japanese government bonds to foreign investments. As an investment group with a wide range of investment capabilities under one roof, this shift has meant increased demand for our fixed income, multi-asset and alternative offerings,» said Wright.
