US - Margo Cook has been promoted to executive vice president of the US$105bn BNY Asset Management, the investment arm of the Bank of New York.
Cook’s new role will see her responsible for equity and fixed income strategies for the institutional market, and will drive both investment strategy and product development efforts.
Cook was previously the institutional fixed income management head, and that role will now be taken up by Patrick. Byrne.
She will report to Steven Pisarkiewicz, executive vice president and head of BNY Asset Management.
Last month BNY Asset Management closed its acquisition of the $6.2bn Alcentra Group Limited, an international asset management group focused on sub-investment grade and structured credit investments.
By Damian Clarkson
Most people think it is right that savers take responsibility to protect from pension scams.
More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.
Alan Pickering says politicians should have the freedom to redefine what is meant by 'absolute'