Andrew Gordon leaves BNY Mellon, Principal rehires PMs, BNPP names senior wealth exec, Cordea Savills hires in Asia, and Coutts appoints new business heads.
As the buy-side shifts to electronic trading for low-touch orders, banks' program trading desks are redefining themselves to assume more of a hand-holding role.
Kirk West, previously Asia head at Principal Global Investors, will take over international distribution, while George Jamgochian will run US distribution.
Dev will be responsible for executing a sales strategy for South Asian central banks, sovereign wealth funds, supranationals and government institutions.
Principal Global Investors CEO Jim McCaughan says the traditional home bias and preference for fixed-income instruments is giving way to cross-border trends.