UK – Mellon Global Investments has appointed Jon Little as its new chief executive officer in place of Jon Groom, who is leaving the company for personal reasons.

Little, who is based in London, will report to Ronald P. O’Hanley, president of the parent company Mellon Institutional Asset Management. He will be responsible for global distribution and client activities, as well as Mellon Global’s joint ventures and subsidiaries. He will also oversee alternative investments.

The move is a promotion for Little, who was global head of sales responsible for the asset management business outside the US. He joined from JP Morgan in 2000 where he was head of sales and distribution for non-US fund business.

Says O’Hanley: “Jon will be key to the next stage of growth of our global asset management businesses.”

MGI’s ultimate parent company is Pittsburgh based Mellon Financial Corporation whose 18 asset management subsidiaries manage a combined total of US$590bn (€675bn).