Posted inPeople Moves

Mellon Capital appoints Philip Lung division head

Mellon Capital Management, a division of BNY Mellon Investment Hong Kong, has appointed Philip Lung to the newly-created position of Asia Pacific division head.

Based in Hong Kong, Lung will work closely with BNY Mellon Investment Management’s Asia Pacific distribution team to expand investment offerings in the region.

This includes global multi-asset solutions and smart beta, which utilises proprietary models to help clients gain exposure to desired asset classes and limit downside risk.

He will also work with Mellon Capital investment teams in San Francisco to develop customised investment strategies for the Asia Pacific market in various asset classes.

“We are seeing strong interest from Asia Pacific investors in equity investments including active equity, smart beta and investment solutions that span multiple asset classes,” said Jeff Zhang, executive vice president and chief investment offer for Mellon Capital.

Lung reports to both Zhang in San Francisco and to Jane Caire, chief administrative officer and head of strategy for BNY Mellon Investment Management Asia Pacific in Hong Kong.

Most recently, Lung managed a private multi-asset investment portfolio in Hong Kong. Previously, he was a senior portfolio manager for Citadel Investment Group in Hong Kong.

He has also worked with firms such as Old Mutual Asset Management in Tokyo and Boston, Tokai Bank in New York, and Nippon Credit Bank in New York and Sydney.

BNY Mellon Investment Management acts as a central hub and provides an infrastructure for its boutiques, including Mellon Capital, to grow their business across the region.

Last month, BNY announced it would launch a discretionary wealth management business in Hong Kong after receiving approval from regulators.

Part of the Mark Allen Group.