Global investment manager BNY Mellon has appointed a new investment management head for its Korea business.

Eugene Bang assumes the role of head of the Korean investment management arm, based in Seoul. Bang has over 13 years' wholesale and institutional experience and steps in from Deutsche Asset Management Korea, where he was a director and country manager of the mutual funds business. Prior to that, he worked at Fidelity Investment Korea for nine years, at which time he served as head of wholesale and head of institutional sales.

In this role, Bang will be responsible for the local investment management operation, including consulting and liaising with regulatory and industry participants, conducting market research and assessing opportunities in the Korean market.

BNY Mellon has been active in Korea for the past 25 years and provides a range of products and services, including asset servicing, depositary receipts, treasury services, corporate trust and foreign exchange services. It has been operating in Seoul since 2006 and was granted a discretionary investment management license by the Financial Services Commission in 2010.

The company has $1.4 trillion in assets under management as at 30 June 2013.