24/3/2009
By Sophie Baker
BNY Mellon Asset Management has opened an office in Paris as part of its plans to branch out within Europe.
The global asset management arm of The Bank of New York Mellon Corporation will be led by Anne-Laure Frischlander, managing director and head of BNY Mellon Asset Management's French operations, with a five-strong sales team.
The new venture will service current clients in the French region, and will aim to generate new business opportunities for the organisation as well.
"BNY Mellon Asset Management has worked with French institutional clients since 2005," commented Frischlander. "We have been successfully operating from our European headquarters in London over four years with a view to setting up an office in France at the right time."
She added that the move into the French market underlines their dedication to this area.
Meanwhile, the organisation's transition management specialist, Mellon Transition Management (MTM), has appointed Tim Wilkinson and his team of transition management professionals to its business. The team, consisting of seven professionals, will be based in London. It had been part of Citi Transition Management, the transition management business of Citigroup Markets Ltd.
"We are pleased to add these talented individuals who have significant experience in building transition management businesses in both EMEA and Asia-Pacific," said Mark Keleher, chief executive of MTM. "They will complement our presence in both London and Sydney, Australia, as we continue to expand."
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Insight Investment acquisition finally complete
Insight Investment has been bought by BNY Mellon for a total sum of £235m, comprising a cash consideration of £200 million and an equity consideration of £35 million
Insight Investment acquisition is complete
Insight Investment has been bought by BNY Mellon for a total sum of £235 million, comprising a cash consideration of £200 million and an equity consideration of £35 million
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