BNY Mellon Investment Management has seen its Asia-Pacific co-head and head of distribution, Lindsay Wright, leave to pursue other opportunities.
The US firm does not have plans to replace her immediately, a spokeswoman told AsianInvestor.
Now overseeing the region will be Matt Oomen, who was promoted to global head of distribution in October, along with Asia-Pacific co-head Doni Shamsuddin and Shogo Yamaguchi, chairman and president for Japan.
Lindsay Wright’s regulatory licence with the firm in Hong Kong ceased on June 13 after two years with the firm.
She has something else lined up, said a Hong Kong-based headhunter, but AsianInvestor could not ascertain what the role might be. The recruiter wondered if she might be returning to her native New Zealand, pointing out that she was appointed to the NZ Exchange’s board of directors in February.
Wright confirmed she had left but declined to comment.
BNY Mellon declined to comment on her next move.
A BNY Mellon spokeswoman told AsianInvestor: “Over the past couple of years, our Asia Pacific senior leadership team and the country heads have focused on setting up the right infrastructure to execute on our growth strategy.”
Wright had joined BNYM IM from rival fund house Invesco in May 2016 as the former looked to rebuild its Asia management team after regional cutbacks and the departure of several senior staff, including Asia-Pacific chief executive Alan Harden.
At Invesco, Wright had been Asia head of institutional, alternatives and investment solutions. Before joining Invesco, she had been co-CEO of China's Harvest Capital Management and CEO of Harvest Alternative Investments.
*This article has been amended to reflect that Wright will not be replaced immediately.