BNY Mellon Investment Management

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BNY Mellon Investment Management
Subsidiary
Industry Investment management
Founded 2007
Headquarters 240 Greenwich Street, Manhattan, New York, U.S.
Area served
 Worldwide
Key people
 Hanneke Smits (CEO)
Products Mutual Funds
Money market funds
ETFs
AUM US$ 2.3 Trillion (June 30, 2021)
Parent BNY Mellon
Website www.bnymellonim.com

BNY Mellon Investment Management (BNY Mellon IM) is the investment management division of BNY Mellon. It is one of the largest asset managers in the world[1] with $2.2 trillion in assets under management as of 31 March 2021.[2] BNY Mellon Investment Management uses eight different investment firms, each with its own strategy and expertise to manage investments.[3]

History

In July 2007, BNY Mellon was created from the merger of the Bank of New York and Mellon Financial.[4][5] The current entity, BNY Mellon Investment Management acts as the investment arm of BNY Mellon. In 2020, the Investment Management division contributed around 26% to BNY Mellon's fee revenue.[6]

The investment firm Alcentra[7] was part of the Bank of New York while Dreyfus,[8] Newton[9] and Walter Scott[10] were part of Mellon Financial.

In 2007, BNY Mellon acquired Brazilian asset management firm, ARX Capital Management.[11]

In 2009, BNY Mellon acquired Insight Investment from Lloyds Banking Group for £235m.[12] In the same year BNY Mellon acquired a 20% stake in Siguler Guff.[13]

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.[14]

In 2019, BNY Mellon IM rebranded some of its fund range dropping the Newton, Insight brands and Dreyfus brand names from funds.[15][16]

In 2020, BNY Mellon IM launched BNY Mellon Investor Solutions, an investment outsourcing services platform .[17]

Business overview

Investors of BNY Mellon Investment Management include pension funds, public funds, endowments and foundations.

BNY Mellon Investment Management manages investments through eight different investment firms.[3] They are

In addition, BNY Mellon Investor Solutions provides investment outsourcing solutions.[3]

BNY Mellon Investment Management is headquartered in New York with multiple offices across Europe and Asia-Pacific.

References

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External links

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