Jonathan Little, vice chairman and interim co-head of BNY Mellon Asset Management, is leaving to join Kedge Capital with a mandate to build a global asset management business for that London-based alternatives-focused firm.
BNY Mellon’s other interim co-head — Mitchell Harris, fixed income, cash and currency group chairman — will serve as sole head of the asset management business until a permanent appointment is made, said Jamie Brookes, a London-based spokesman for BNY Mellon Asset Management.
When Ronald O’Hanley, longtime BNY Mellon Asset Management president and CEO, announced in early May he would take the post of Fidelity Investments’ president of asset management, BNY Mellon hired executive search firm Korn/Ferry to find a replacement. In a news release Tuesday, the company reiterated that it is considering both internal and external candidates for the post.
Mr. Little will become CEO of Kedge Capital’s new global asset management business. He’s being brought in to build by acquisitions of small- and medium-size investment management firms as well as liftouts of fund management teams, according to a Kedge Capital news release.