BNY Mellon

UBS Global Asset Management has hired BNY Mellon's ex-head of investment solutions Ryan Rajkumar.

Victims of Bernard Madoff's Ponzi scheme are set to receive proceeds from a $210m settlement between a Bank of New York Mellon advisory firm subsidiary and US authorities, the New York attorney-general has said.

Newton's James Harries has urged investors to hold back before redeploying cash into Europe.

BNY Mellon has fully acquired the WestLB Mellon Asset Management joint venture in which it already had a 50% stake.

Insight Investment Management is set to acquire currency specialist Pareto Investment Management early next year.

The Skandia label could disappear in the UK as part of an overhaul by parent Old Mutual, which is rebranding its merged asset management businesses as Old Mutual Global Investors.

James Harries has handed over lead management of the offshore £2.8bn BNY Mellon Global Equity Higher Income fund to Nick Clay in a reshuffle of the firm's income team.

BNY Mellon has expanded its distribution team with three hires including RSM Tenon's Adrian Gough.

BNY Mellon is set to launch fully unbundled RDR-ready share classes across its entire UK fund range in September.

Caroline Keen has been promoted to lead manager on the £266m BNY Mellon Asian Equity fund, previously led by Jason Pidcock.