BNY Mellon Investment Management has recruited American Century head of platform sales Andy Provencher to be head of distribution for North America.
The moves marks a return to BNY for Provencher, who previously worked at the firm as head of retail from June 2013 to September 2015, before leaving to join American Century.
Provencher is to take up his new role on March 19 and will report into Matt Oomen, BNY global head of distribution.
In the newly-created role Provencher will be responsible for US sales, marketing and operations. He will be primarily focused on retail distribution, although he will oversee a small number of institutional relationships too.
In a statement, a spokesman for BNY said: '‘We are pleased to announce that Andy Provencher has been appointed BNY Mellon Investment Management North America head of distribution. An industry veteran with nearly 25 years of experience, Andy has a proven track record of building client focused sales organizations.’
In May 2016 BNY reorganized into five business groups: distribution, product strategy and performance management, infrastructure, wealth management, and investment management governance.
As part of this it restructured its distribution efforts, in a move that led to a number of departures.
The reorganization saw distribution split into two regions with North America headed by Mark Santero, who was appointed chief executive of subsidiary Dreyfus, and Oomen responsible for international distribution.
The company has since restructured its distribution team again, with Oomen named head of global distribution in October last year.
Santero left the firm in January and has not been replaced in his role, with his distribution responsibilities now falling to Provencher.
Provencher was with Neuberger Berman from 1993 to 2011, rising to be head of distribution. After a stint at Gold Bullion International he joined BNY as head of US retail, a post he held for two years before being hired by American Century.