Head of UK investment distribution at Aberdeen Standard Investments Michael Beveridge has joined BNY Mellon Investment Management to "support it in its next phase of growth in the UK market," Investment Week reveals.
Beveridge (pictured), who joins on 29 July as head of UK intermediary distribution, following several senior roles with ASI, where he most recently led the firm's investment business strategy across the UK.
The appointment follows the April departure of head of UK and Ireland distribution at BNY Mellon IM Fergus McCarthy, who it was announced today (21 May) has joined Standard Life Aberdeen - ASI's parent company.
Reporting to Hilary Lopez, head of European intermediary distribution, Beveridge will be responsible for driving the firm's strategy across discretionary, wealth management, retirement, strategic partnerships and advisory segments.
He will focus on offering clients and investors solutions from BNY Mellon IM's investment boutiques including Insight Investment, Newton Investment Management, Mellon Investments Corporation, Walter Scott & Partners and Alcentra.
Lopez said: "We are delighted to have attracted someone of Michael's caliber to lead our UK intermediary business, which continues to be strategically important for BNY Mellon Investment Management. I am excited to welcome Michael to the team.
"Beveridge added: "BNY Mellon Investment Management is a reputable global investment house with excellent product capabilities, I am very much looking forward to joining the company to support it in its next phase of growth in the UK market."