The asset manager is broadening its push into Australian investment management with the appointment of a local financial services veteran.
Paul Bolinowsky is BNY Mellon IM’s new country head for Australia, with responsibility for expanding the international asset manager’s presence Down Under as well as driving the overall strategic direction of the business. Mr Bolinowsky will be based in Sydney and report to Deborah Bannon, head of institutional distribution APAC ex-Japan and head of consultant relations APAC.
“Australia is a strategically important market for us in the Asia Pacific region where it’s essential to have local presence to support local clients. Paul’s role will be to expand our business amongst the institutional market working closely with clients and prospects, while also looking at strategic opportunities in other channels,” Ms Bannon said.
Mr Bolinowsky has more than 20 years’ experience in the Australian investment management industry and has held roles at UBS Asset Management, including as managing director and head of institutional sales, Pioneer Investments, and AllianceBernstein, where he was head of distribution. He joins BNY Mellon IM from boutique asset manager, where he was chief executive.
“I have been a keen observer of BNY Investment Management’s business model for many years. Through its investment firms, such as Alcentra, Mellon and Newton, the firm is able to offer a compelling choice of both traditional and alternative capabilities to Australian institutional investors,” Mr Bolinowsky said.
“It has also demonstrated a willingness to innovate as market conditions evolve. In what has become one of the most discerning markets in the world, I look forward to working with Australian investors in an effort to improve their portfolio outcomes.”