BNY Mellon has appointed Paul Schulte to the newly created position of head of investment strategy, Asia-Pacific (APAC), where he will be responsible for researching investment trends, market activity and economics in APAC.

The asset manager said that Schulte will be based in Hong Kong, which underscores company’s commitment and ambition to become one of the premier investment firms in Asia-Pacific region.

He will report to both Alan Harden, chief executive officer for BNY Mellon’s Asia-Pacific investment management business and Jack Malvey, chief global market strategist for investment management, located in New York.

In his new job, Schulte will manage the development process of an APAC investment and market knowledge platform, which will assist to get and communicate the APAC investment opinion and analysis from across the firm’s investment management boutiques, and support the firm’s global thinking.

He joins BNY Mellon’s APAC investment management executive committee and BNY Mellon’s APAC operating committee.

Alan Harden said, "Paul joins our team at an exciting point in our evolution from an APAC distributor, to a regional product innovator and global preferred provider of Asian investment strategies."

"Having a rigorous investment strategy and research approach is vital in supporting our managers in making active and informed investment decisions. We will look to Paul to interpret macro trends throughout this fast-growing region, and to participate in the development of top-performing investment strategies and products for Asian investors."

Schulte has 25 years of financial industry expertise in Asian and emerging markets and most recently he was global head of financial strategy at China Construction Bank International Securities.