BNY Mellon Investment Management
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Parent BNY Mellon | | |
Website | www |
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BNY Mellon Investment Management (also known as BNY Mellon IM and BNY Mellon Asset Management) is the
History
BNY Mellon IM traces its origins to BNY Asset Management and Mellon Asset management which were the asset management divisions of Bank of New York and Mellon Financial respectively.[4][5]
In July 2007, BNY Mellon was created from the merger of the Bank of New York and Mellon Financial and BNY Mellon IM was created as a result of merging BNY Asset Management and Mellon Asset management. At the time of the deal, Melllon Asset management was far larger of the two with $930 billion (around 85%) in assets under management while BNY Asset management only had $179 billion under management. Under Melllon Asset management were the units Dreyfus, Newton, Walter Scott, Boston Company Asset Management and Standish Mellon Asset Management. Under BNY Asset management were the units Ivy Asset Management, Alcentra and Urdang Capital Management. The deal favoured the executives from Melllon Asset management who obtained senior positions at the newly formed division including its CEO, Ronald O’Hanley who became BNY Mellon IM 's CEO. In contrast several senior executives from BNY Asset Management left shortly after the merger was complete.[4][5][6]
In 2007, BNY Mellon IM acquired Brazilian asset management firm, ARX Capital Management.[7]
In 2009, BNY Mellon IM acquired Insight Investment from Lloyds Banking Group for £235m.[8] In the same year BNY Mellon IM acquired a 20% stake in Siguler Guff.[9]
In early 2010, BNY Mellon IM closed its
In October 2012, BNY IM acquired the remaining 50% of WestLB Mellon Asset Management, a joint venture formed in early 2006 between Mellon Financial and
In September 2017, BNY Mellon IM sold its real assets unit, CenterSquare Investment Management (which was previously Urdang Capital Management until it rebranded in 2013) to Lovell Minnick Partners.[16]
In 2018, BNY Mellon IM merged three of its investment firms (Mellon Capital Management, Standish Mellon Asset Management and The Boston Company Asset Management) to form a new unit called Mellon Investments.[17]
References
- ^ "BNY Mellon's assets under management hold steady in second quarter". Pensions & Investments. July 18, 2023. Archived from the original on September 19, 2023. Retrieved September 11, 2023.
- ^ "World's Top Asset Management Firms". www.advratings.com. Archived from the original on March 6, 2023. Retrieved September 11, 2023.
- ^ "BNY Mellon Investment Management - AN INTRODUCTION" (PDF). BNY Mellon Investment Management. 2021. Archived (PDF) from the original on April 27, 2021.
- ^ a b "The Bank of New York today announced it will acquire Mellon Financial..." Pensions & Investments. March 5, 2007. Archived from the original on September 19, 2023. Retrieved September 11, 2023.
- ^ a b Bruno, Mark (June 8, 2007). "It's Mellon's show now". Pensions & Investments. Archived from the original on September 19, 2023. Retrieved September 11, 2023.
- ^ Heaney, Vince (June 2008). "Proving a multinational can achieve the boutique approach". thehedgefundjournal.com. Archived from the original on September 19, 2023. Retrieved September 11, 2023.
- ^ Dilipp S. Nag (November 13, 2007). "Mellon to buy Brazil's ARX Capital". Reuters. Archived from the original on July 11, 2021. Retrieved July 11, 2021.
- ^ "BNY Mellon to acquire Insight Investment Management | Hedgeweek". www.hedgeweek.com. August 12, 2009. Archived from the original on July 12, 2021. Retrieved July 11, 2021.
- ^ Paritosh Bansal (November 2, 2009). "BNY Asset Management buys Siguler Guff stake". Reuters. Archived from the original on July 11, 2021. Retrieved July 11, 2021.
- ^ Williamson, Christine (April 11, 2010). "Ivy Asset employees sensed end was near". InvestmentNews. Archived from the original on April 1, 2024. Retrieved September 11, 2023.
- from the original on September 19, 2023. Retrieved September 11, 2023.
- from the original on September 19, 2023. Retrieved September 11, 2023.
- ^ "BNY Mellon takes full ownership of WestLB Mellon Asset Management". Investment Week. October 2, 2012. Archived from the original on September 19, 2023. Retrieved September 11, 2023.
- ^ "BNY Mellon renames WestLB Mellon Asset Management KAG". InternationalInvestment. December 4, 2012. Archived from the original on September 19, 2023. Retrieved September 11, 2023.
- ^ "Oddo & Cie acquires Meriten". InternationalInvestment. April 7, 2015. Archived from the original on September 19, 2023. Retrieved September 11, 2023.
- ^ "BNY Mellon to sell CenterSquare to Lovell Minnick". Pensions & Investments. September 20, 2017. Archived from the original on September 19, 2023. Retrieved September 11, 2023.
- ^ Huang, Vicky Ge (November 13, 2017). "BNY merges Mellon, Standish and Boston to create $560bn powerhouse". citywireamericas.com. Archived from the original on December 4, 2017. Retrieved July 11, 2021.