BNY Mellon hires ING’s Suri as Asia-Pacific head of intermediary
BNY Mellon has appointed Navin Suri from ING Investment Management to head up intermediary distribution in the Asia-Pacific (APAC) region, as the firm looks to expand its presence in the area.
He will be based in Hong Kong, reporting into Alan Harden, chief executive for the APAC investment management business, and Peter Paul Pardi, head of global distribution, based in London.
His new position has been created specifically to build BNY Mellon’s capabilities in the local intermediary market. He also joins the investment management executive committee and the APAC operating committee.
At ING, Suri was managing director and CEO in India. He has also held several senior positions at Citibank in Singapore, New Delhi and Bangalore, and has over two decades of experience in the business.
In this new role, Suri will be responsible for developing and managing the APAC intermediary sales strategy and distribution channel network. His focus will be on building new partnerships with consumer banks, private banks and family offices, insurance and pension providers, securities companies, IFAs and other financial intermediaries.
Harden said: “Asia has now surpassed both Europe and the US in the number of millionaires and we may see that gap widen further over the next decade in Asia’s favour. It is crucial that we excel in the key areas of distribution and client service, not just to the institutional market, but the wholesale market as well.”
Pardi added: “While we have been successful with institutional clients throughout the region and intermediaries in Japan, BNY Mellon has in the past been under-represented in the intermediary and wholesale space across the region. Navin’s primary goal will therefore be to explore how we can best service this space in a differentiated and compelling way.”