BNY Mellon IM hires Asia co-head, rebuilding team

BNY Mellon Investment Management has hired Lindsay Wright, who left Invesco last month, as its new Asia-Pacific co-head and head of distribution, as it moves to rebuild its management team in the region. This comes after substantial cutbacks at the US multi-boutique firm last year, including the closure of its Spectrum separately managed account (SMA) platform and the departure of several senior staff, including Asia-Pacific chief executive Alan Harden. BNYM IM confirmed that Wr…