Posted inPeople Moves

BNY Mellon hires new Japan country executive

BNY Mellon has appointed Douglas Hymas as country executive for Japan and general manager of the company's Tokyo branch.
Cherry blossom in spring, Japan.

Douglas replaces Thom Fisher, who left BNY Mellon earlier this year, the company said.

The investment manager called Japan as “an important growth market for the company” as it seeks to tap the opportunities in the country with the potential growth in the asset management industry.

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 $5trn (£2.98trn) 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.”

Hymas joined the company today and reports to Gregory Roath, Asia-Pacific head of global client management.

Prior to joining BNY Mellon, he was president and chief executive officer of ING Mutual Funds Investment Company (Japan) since 2009.

During his more than 20 years of experience in the investment management and investment services, Hymas has worked with companies such as Wells Fargo Securities (Japan), Legg Mason Asset Management Japan, Barclays Global Investors and Lehman Brothers.

BNY Mellon launched its asset management subsidiary in Japan in 1998. The company opened its first office in Tokyo in 1970 and was granted a branch license in 1973.

In November last year, the company unveiled its capital markets business in Tokyo, as part of its Asia expansion drive.

Part of the Mark Allen Group.