BNY Mellon appoints head of new Taiwan office

BNY Mellon Investment Management has appointed Rebecca Chu as head of Taiwan for its new office in Taipei.

The firm was granted a Securities Investment Consulting Enterprise (SICE) licence, and the location of the new office would strengthen relationships with clients in Taiwan and increase brand awareness of the business.

Chu was formerly vice president, institutional distribution, after joining the firm in 2016 from CTBC Investments, and had previously worked for Cathay Life in its foreign fixed income team.

She had also worked for Nanshan Life in diversified roles that included bond investing, portfolio management, credit analysis, valuation, currency risk hedge and risk evaluation.

Doni Shamsuddin, head of Asia Pacific ex Japan, said: “With her extensive experience in the asset management industry, solid understanding of the firm and sound local knowledge, we are confident that Rebecca and her team will be successful in growing our business in Taiwan”.

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In addition to Chu, BlackRock’s Jessie Chen was appointed as business development manager.

BNY Mellon had six other offices in the Asia Pacific: Hong Kong, Singapore, Shanghai, Sydney, Tokyo and Seoul.

In July 2019, BNY Mellon appointed Taiwan Cooperative Securities Investment Trust as its master agent in Taiwan.

“Taiwan is one of our strategic markets in Asia Pacific and the SICE approval is an important part of our expansion plan in Greater China,” Shamsuddin said.

“Our focus continues to be on growing our institutional business in Taiwan while working closely with our master agent Taiwan Cooperative Securities Investment Trust to deliver investment excellence and industry-leading client experience.”