Japan is an important growth market for the company
TOKYO, 11 August 2014 – BNY Mellon, a global leader in investment management and investment services, has appointed Douglas L. Hymas as country executive for Japan and general manager of the company's Tokyo branch. In his role as country executive, Hymas will be the chief strategist, leader and senior representative for the company's business groups with regulators and clients. He joins the company today and will report to Gregory Roath, Asia-Pacific Head of Global Client Management.
Commenting on why Japan is an important market to BNY Mellon, BNY Mellon’s Asia-Pacific Chairman, Steve Lackey, said: “The Japanese market has by far the largest pool of assets under management (AUM) in Asia-Pacific, with analysts indicating AUM could surpass US$5 trillion by 2016. This presents tremendous opportunities for our continuing growth as the investments company for the world.”
“Japanese investors are increasingly looking for opportunities to invest globally, increase their domestic equity allocation, optimize their investment pools and navigate the increasingly complex regulatory requirements all of which represents an opportunity for BNY Mellon,” added Lackey.
Commenting on the appointment of Hymas, BNY Mellon’s Roath said: “Doug’s strong background in Japanese investment management and investment services perfectly matches BNY Mellon’s business model for Japan. We are very pleased to have an individual of Doug’s talent, energy and experience leading BNY Mellon’s Japan business into the future.”
Hymas has over 20 years’ experience in the investment management and investment services industry and has worked in Japan since 1991. He has held a wide range of senior management roles at Wells Fargo Securities (Japan) Co. Ltd, Legg Mason Asset Management Japan, Barclays Global Investors and Lehman Brothers. He was most recently president and chief executive officer of ING Mutual Funds Investment Company (Japan); a position he has held since 2009. Hymas is fluent in Japanese.
BNY Mellon has been serving Japanese institutions for almost 100 years. The company opened its first office in Tokyo in 1970 and was granted a branch license in 1973. BNY Mellon launched BNY Mellon Asset Management Japan Limited in 1998. BNY Mellon provides a wide variety of products and services to the Japanese institutional and wholesale marketplace including investment management, asset servicing, broker-dealer services, corporate trust, depositary receipts and global markets.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of June 30, 2014, BNY Mellon had $28.5 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.
Louisa Bartoszek (BNY Mellon)
Dan Underwood (Ashton Consulting)