BNY Mellon shuffles capabilities across affiliate managers
Hanneke Smits
Mellon Investments Corp. s fixed-income, equities and multiasset, and liquidity management teams and strategies will be moved to other affiliate managers within the BNY Mellon Investment Management stable.
The decision was made in partnership with the relevant firms, Hanneke Smits, CEO of BNY Mellon Investment Management, said in an interview. The transitions are expected to complete by the end of the third quarter, subject to regulatory approvals, and there will be no changes to investment processes of philosophies during the transition period.
The change was made clearly with our clients interests at heart, particularly as they continue to search for outcome-oriented solutions, Ms. Smits said.
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