BNY Mellon Asset Management -

History

Today’s BNY Mellon Asset Management was formed in July 2007 through a merger between The Bank of New York Company, Inc. and Mellon Financial Corporation of Pittsburgh. The combination of two enterprises rich in history, vision and performance has created a global firm unmatched in its commitment to asset management.

Timeline

Year Event
2009 Acquired Insight Investment, a firm that provides tailored investment solutions in liability driven investment, fixed income, multi-asset, absolute return and specialist equities
2009 Acquired a 20% minority interest in Siguler Guff & Company LLC (and certain related entities), a multi-strategy private equity firm
2009 URDANG hires real estate debt team from Capmark Investments LP and is named sub-advisor for two Capmark funds
2009 Franklin Portfolio Associates merged with Mellon Capital Management
2009 Inception of BNY Mellon Cash Investment Strategies, an investment manager focused on money market funds and a full array of short duration strategies
2009 Ankura Capital Management and Blackfriars Asset Management established out of joint venture with WestLB Mellon Asset Management.  Ankura is an Australian equities specialist; Blackfriars focuses on emerging markets and global fixed income
2008 Established BNY Mellon Beta Management, a firm that sepcializes in futures, overlays and swaps to provide overlay solutions for institutional clients
2008 Divested Estabrook Capital Management and GW&K Investment Management
2008 Mellon Capital Management Corporation Celebrates 25th Anniversary.  The firm is one of the leading investment management innovators in the U.S. and offers a wide range of strategies, from traditional to alternative asset classes
2008 Newton turns 30 Years Young! Newton is an investment house known for its distinctive, global thematic investment approach
2008 Announced strategic venture between Dreyfus and WisdomTree Investments, Inc. to create new ETFs on international cash and fixed income products
2008 Completed acquisition of ARX Capital Management
2008 Acquired ARX Capital Management, a leading Brazilian asset management business; integrated with BNY Mellon Asset Management Brasil, becoming one of the leading asset managers in that country
2007 The Bank of New York Mellon and Western Securities agreed to establish an asset management joint venture fund management company in China that will manage domestic securities in a range of local retail fund products
2007 Mellon Equity Associates merged with Mellon Capital Management
2007 David H. Cameron appointed CEO and President of The Boston Company Asset Management
2007 Announced $4 billion QDII launch, a program that enables Mainland Chinese investors to access foreign fund management capabilities.  BNY Mellon Asset Management was the first non-domestic asset manager to receive approval to advise on such a mandate
2007 The Bank of New York Mellon Corporation was born
2007 Completed the sale of HBV Alternative Strategies
2006 The Bank of New York Company, Inc. and Mellon Financial Corporation agreed to merge, creating the global leader in securities servicing and asset management
2006 Acquired Walter Scott, an Edinburgh, Scotland-based equity investment firm specializing in global and international strategies
2006 Opened representative office in China
2006 Cyrus Taraporevala named Head of North American Institutional Sales
2006 Completed the formation of WestLB Mellon Asset Management, a firm that combines the European expertise of WestLB AG with the global product range of BNY Mellon Asset Management
2006 Acquired Urdang Capital Management, Inc., a firm specializing in private real estate investment
2006 Acquired a majority share of The Alcentra Group, an international asset management group focused on funds that invest in non-investment grade debt
2005 Charlie Jacklin became CEO of Mellon Capital Management
2005 Ivy Asset Management opened their Tokyo office
2004 Acquired EACM, a top flight fund of funds manager and manager of managers
2003 Certus Asset Advisors, Mellon Bond Associates and Standish Mellon Asset Management were united in a single fixed income and cash management firm, Standish Mellon
2002 Acquired Gannett Welsh & Kotler (GW&K) an investment advisor focusing on high net worth individuals and small and mid size institutions
2001 Acquired Standish, Ayer & Wood, a Boston-based provider of investment management services to institutional clients and high net worth individuals
2000 Acquired Ivy Asset Management, a fund of funds alternative asset manager