BNY Mellon has named PeterPaul Pardi global head of distribution for its Investment Management business.

In this new role he will be responsible for creating and implementing the strategies for the organization's distribution, marketing and client service functions. Pardi will be based in London reporting to both Curtis Arledge, chief executive officer of BNY Mellon Investment Management, and Mitchell Harris, president of BNY Mellon Investment Management.

Most recently, Pardi was executive director, global head of institutional investment placement, for Arcapita, a global private equity firm. Previously, he worked for PIMCO, Lehman Brothers Investment Management and Barclays Global Investors.

"PeterPaul Pardi has an established track record of creating successful business strategies, managing cross-border sales teams and participating in product design and development," statedis.

"Most importantly, he has focused on building businesses across both traditional and alternative asset classes, and working with institutional, sovereign wealth and mutual fund clients. He will be an important member of our leadership team and will actively participate in setting the strategic direction of the investment management business."