MONEY MANAGEMENT

BNY Mellon hires financial institutions group head for Japan

Yoshiyuki Shimoyama joined BNY Mellon Investment Management in Tokyo as head of financial institutions group, Japan.

Mr. Shimoyama will “focus on Japanese banks and insurance companies,” looking to apply the broad range of strategies offered by the firm's investment boutiques in equities, fixed income, private debt, real estate and private equity to meet those institutions' investment needs, according to a BNY Mellon news release Wednesday.

Mr. Shimoyama replaces Atsushi Horiike. A BNY Mellon spokeswoman said Mr. Horiike is taking on a new role at one of the firm's boutiques in Tokyo but details have yet to be announced.

Mr. Shimoyama came to BNY Mellon after a 26-year career with J.P. Morgan Asset Management (JPM), where most recently he served as executive director, head of financial institutions sales and marketing in Japan, according to a BNY Mellon news release.

A J.P. Morgan Asset Management spokesman couldn't immediately be reached for comment.