The firm, which has $1.6 trillion under management, said it is seeing increased demand for its fixed income, multi-asset and alternatives offerings among Japanese institutions.

Former JP Morgan man Yoshiyuki Shimoyama has been appointed as head of BNY Mellon Investment Management’s financial institutions group in Japan.

Based in Tokyo, Shimoyama will focus on serving Japanese banks and insurance companies. He will report to Shogo Yamaguchi, chairman and president of BNY Mellon Asset Management (Japan), and Lindsay Wright, head of distribution and co-head of BNY Mellon Investment Management (Asia-Pacific).

Shimoyama joins from JP Morgan Asset Management (Japan), where he has worked since 1990 upon joining Morgan Guaranty Trust Company of New York in Tokyo.

His most recent roles at the firm include executive director and head of financial institutions sales and marketing; vice president of institutional sales and marketing; and 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,” Wright said. “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.”