BNY Mellon expands across Europe
24 March 2009
Written 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.”
