BNY Mellon IM to merge three boutiques to create new multi-asset giant

Creates $560bn AUM entity

Mike Sheen
clock • 2 min read

BNY Mellon Investment Management is to combine its three largest US investment managers to create a specialist multi-asset group in 2018 with $560bn AUM.

The $1.8trn AUM asset manager, which operates a multi-boutique model, will merge US-based Mellon Capital Management (MCM), Standish Mellon Asset Management and The Boston Company Asset Management (TBCAM) in a move expected to be completed within 12 months. BNY Mellon IM hires UK sales director from Muzinich During this transition period, MCM, Standish and TBCAM will maintain their existing product brands until the launch of a unified brand later in 2018. With over $560bn in AUM, the combined business will rank as a top 10 US institutional asset manager and a top 50 manager globally...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Multi-asset

Multi-asset teams sentiment indicator: Positive view on UK equities on 12-month view

Multi-asset teams sentiment indicator: Positive view on UK equities on 12-month view

Negative on US equities

Paul Ilott
clock 12 March 2024 • 5 min read
Morgan Stanley IM launches UCITS version of Systematic Liquid Alpha fund

Morgan Stanley IM launches UCITS version of Systematic Liquid Alpha fund

Offshore vehicle since August 2018

clock 21 February 2024 • 1 min read
MPS Watchlist: Helping advisers navigate the sector

MPS Watchlist: Helping advisers navigate the sector

Impact of Consumer Duty

Professional Adviser
clock 07 February 2024 • 1 min read
Trustpilot