New Appointment Aims to Drive BNY Mellon Investment Manager's Growth
London, Düsseldorf, 14 January 2013 — Meriten Investment Management, BNY Mellon's German-based investment manager, has announced the appointment of Holger Fahrinkrug as chief economist. Fahrinkrug, who will report to Werner Taiber, chief executive officer of Meriten, is scheduled to start in February 2013.
“Holger Fahrinkrug brings 20 years' of research and consulting experience to Meriten,” said Taiber. “His experience in advising international investors on economic issues and financial markets will translate into important insights for our clients.”
Fahrinkrug joins Meriten from Portigon/WestLB AG where he was chief economist and head of research, overseeing the bank's research activities on all asset classes and regions. Prior to joining Portigon, Fahrinkrug was a senior economist at UBS‘ German office and a member of the bank's European economics team, specialising in the analysis of the region's economy, policy making and politics. He succeeds Dr. Holger Sandte, who has left the company.
Mitchell Harris, president of BNY Mellon Investment Management, said: “Germany is a key market for the success of our European business. Holger's strategic input, broad experience and approach to thought leadership will be of great benefit to our clients as we help them navigate these opportunistic times.”
Fahrinkrug concluded: "I am looking forward to bringing my perspectives on the markets to my new role at Meriten as it continues to build out its global research capabilities. Meriten Investment Management is well positioned to grow, combining its well-established German client franchise with access to BNY Mellon's broad international platform.”
Meriten Investment Management GmbH (Meriten Investment Management) is a financial services company offering asset management services to institutional and wholesale clients and is a subsidiary of The Bank of New York Mellon Corporation. Meriten Investment Management manages assets totalling € 26.3 billion (as of 31 October 2012). Its client base includes corporations, pension funds, mutual funds, endowments, foundations, banks, central banks, savings banks, governmental agencies and insurance companies. Meriten Investment Management does not offer services in the U.S. Meriten Investment Management was founded in 1969 in Düsseldorf (formerly WestLB Mellon Asset Management KAG mbH) and has long established itself as one of the market-leading providers of special funds and fund management services in Germany. For further information, please visit www.meriten.com.
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.4 trillion in assets under management. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellon.com.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $27.9 trillion in assets under custody and administration and $1.4 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.
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