BNY Mellon Names Schulte Asia-Pacific Investment Chief

Based in Hong Kong, Schulte will report into both Alan Harden, chief executive officer for BNY Mellon’s Asia-Pacific investment management business and Jack Malvey, chief global market strategist for investment management, in New York. 

Schulte will focus on developing an APAC investment and market knowledge platform to help capture and communicate the APAC investment opinion and analysis from across the firm’s investment management boutiques, and support the firm’s global thinking. He also sits on BNY Mellon’s APAC Investment Management Executive Committee and BNY Mellon’s APAC Operating Committee.

“Paul joins our team at an exciting point in our evolution from an APAC distributor, to a regional product innovator and global preferred provider of Asian investment strategies,” observed BNY Mellon’s Harden. “Having a rigorous investment strategy and research approach is vital in supporting our managers in making active and informed investment decisions. We will look to Paul to interpret macro trends throughout this fast-growing region, and to participate in the development of top-performing investment strategies and products for Asian investors.” 

Schulte’s career in equity research spans 25 years on both the buy and sell sides covering the Asian and emerging markets. He frequently has been ranked in top-five positions in Euromoney, Asiamoney and Institutional Investor polls and surveys since 1991. In Institutional Investor’s 2010 poll, he received top rankings in All-Asia Banks Team, Asia Equity Strategy Team and Asia Economics Team. He also has experience in the military, public policy and academia.

Schulte was most recently Global Head of Financial Strategy at China Construction Bank International Securities. He was one of the first westerners to be hired by a Chinese bank for research. He created the Greater China research platform which included equity and fixed income strategy products. He marketed to sovereign wealth funds, hedge funds and long only institutions, and spent much time with Chinese regulators. 

From 2007 to 2010, Schulte was managing director and head of multi-strategy and Asian banking research for Lehman Brothers. He was one of the first at Lehman Brothers in Asia to lead the integration of fixed-income and equity research. Schulte then held a similar position at Nomura International, where he created a highly ranked research product line integrating equity, credit and currency research.