BNY Mellon IM shuffles intermediaries team

BNY Mellon Investment Management has lost another senior executive from its intermediaries business in Asia, but has appointed a new head of the team.

Richard Collis has been named Asia head of intermediaries, alongside his existing role as head of BNY Mellon IM’s Asia-Pacific insurance business. He replaces Navin Suri, who exited late last year.

Eric Fu, Suri’s number two, also left the firm earlier this month to take up the role of Asia chief executive of HSBC Broking Services. Fu now reports to Diana Cesar, Hong Kong head of retail banking and wealth management and returns to a company he worked for previously.

Collis joined in August from US insurer MetLife, where he was mainly responsible for growing the company’s bancassurance business across Asia Pacific.

Suri is said to have resigned from BNY Mellon IM for personal reasons. He had been named the US firm’s first intermediaries head for the region in October 2012 as part of an aggressive regional buildout. 

Suri had rejoined Alan Harden, Asia-Pacific chief executive of BNY Mellon IM, with whom he had worked at ING Investment Management. He was appointed with a mandate to build out an intermediary business in the region.

Fu was then hired in January last year as a managing director. He had previously worked in the retail and institutional businesses at HSBC and Fidelity.