US/UK - BNY Mellon Asset Management co-head and vice chairman Jon Little will leave the firm to join hedge fund Kedge Capital, a London-based alternatives firm.
He leaves the firm at the end of August, confirmed BNY spokesman Jamie Brooks.
Little was named co-head of the asset management business along with Mitchell Harris in May after Ronald O'Hanley jumped ship to join Fidelity Investments. (Global Pensions; May 11, 2010)
At the time, BNY said it would look internally and externally for a new head of asset management. Brooks said the search is ongoing and a permanent replacement for O'Hanley would be named in the "near term".
In the meantime, Harris will continue as interim head of the US$1trn asset management business.
"Our asset management business has great management strength across our boutiques," said Robert Kelly, chairman and chief executive officer of BNY Mellon.
"The asset management leadership team has demonstrated resilience through challenging market cycles, continuing to provide our clients with strong investment performance and superior service around the globe. I'm pleased that we have the benefit of Mitchell's outstanding leadership during this transition period and we wish Jon the best in his new role."
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