Marks the next step in the multi-asset company's combination of Mellon Capital, Standish Mellon and The Boston Company
BOSTON, Sept. 27, 2018 /PRNewswire/ -- Following the successful integration of BNY Mellon Investment Management's U.S. multi-asset manager, the firm today announced it will be branded Mellon effective on January 2, 2019. The firm was formed in 2018 to combine the active equity strategies of The Boston Company; the active fixed income strategies of Standish Mellon; and the index, multi-asset and multi-factor strategies of Mellon Capital to create a next-generation multi-asset investment manager.
"With its long heritage in the investment community and strong associations with wealth and prosperity, Mellon is a natural name for our business," said Chairman and CEO Des Mac Intyre. "The combined business represents a step beyond traditional investment management, delivering integrated multi-asset expertise from one firm."
"Our clients' continued partnership affirms the benefits of bringing together the capabilities of these three firms," said Mac Intyre. "With our clients' feedback in mind, we identified a new brand that captures the essence of the past and the promise of our future. We believe today's announcement marks the next step in our journey together to deliver superior investment outcomes for clients."
Mitchell Harris, CEO of BNY Mellon Investment Management, commented, "Your brand is an extension of your business, and it should reinforce the value you provide. Mellon is a common thread through all of the legacy brands and has a strong global reputation with investors. Our new U.S. investment manager Mellon will have its own unique identity and strengths, similar to our other investment specialists, reinforced by the world-class capabilities and scale of BNY Mellon Investment Management."
With $549.8 billion in assets under management (as of June 30, 2018), the firm has more than 500 employees worldwide, with headquarters in Boston and a presence in Pittsburgh, San Francisco, London, Singapore and Hong Kong.
About the Firm
The merged entity of Standish Mellon, Mellon Capital, and The Boston Company, today operating under the name BNY Mellon Asset Management North America Corporation, will be rebranded Mellon and operate under the name Mellon Corporation effective January 2, 2019. The firm is a leading provider of high-quality single and multi-asset investment solutions using both active and passive strategies for investors globally. With $549.8 billion assets under management as of June 30, 2018, it serves a wide variety of institutional and intermediary clients in over 45 markets globally. The firm's active equity strategies leverage the capabilities developed by The Boston Company; its active fixed income strategies employ the deep fundamentals-based experience of Standish Mellon, and its index, multi-asset/multi-factor strategies incorporate Mellon Capital's advanced systematic processes.
About BNY Mellon Investment Management
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.8 trillion in assets under management as of June 30, 2018. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. BNY Mellon Investment Management is a division of BNY Mellon, which has $33.6 trillion in assets under custody and/or administration as of June 30, 2018. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
SOURCE BNY Mellon
This information may contain forward-looking statements, which may be expressed in a variety of ways, include the use of future or present tense language. These statements and other forward-looking statements are based upon current beliefs and expectations and are subject to significant risks and uncertainties (some of which are beyond BNY Mellon's control). Factors that could cause BNY Mellon's outcomes to differ materially from those described in the forward-looking statements can be found in the risk factors set forth in BNY Mellon's Annual Report on Form 10-K for the year ended Dec. 31, 2017, the Quarterly Report on Form 10-Q for the period ended June 30, 2018, and its other filings with the Securities and Exchange Commission. All forward-looking statements in this news release, speak only as of the date of publication and BNY Mellon undertakes no obligation to update any forward-looking statement.