BNY Mellon Gains Foothold in Japan

Shogo Yamaguchi, a 12-year investment banking veteran, won’t let a global recession deter his plans to grow Bank of New York Mellon Corp.’s asset management business in Japan. “Our priority right now is to focus on organic growth,” says Yamaguchi, 45, who became president of the bank’s money management subsidiary in April. “However, we are always looking at local partnership opportunities across all our key markets in Asia, and Japan is no exception.” Yamaguchi began his career at Credit Suisse First Boston in 1999 as head of investment strategy in Japan. He joined BNY Mellon in 2007 as a vice president in charge of asset management. The New York–based bank’s Asian expansion will target Australia, China, India, Japan and Korea, Asia chairman Chris Sturdy tells II.