BNY Mellon IM to merge three boutiques to create new multi-asset giant

The $1.8trn AUM asset manager, which operates a multi-boutique model, will merge US-based Mellon Capital Management (MCM), Standish Mellon Asset Management and The Boston Company Asset Management (TBCAM) in a move expected to be completed within 12 months. During this transition period, MCM, Standish and TBCAM will maintain their existing product brands until the launch of a unified brand later in 2018. With over $560bn in AUM, the combined business will rank as a top 10 US institutional asset manager and a top 50 manager globally. It will employ more than 300 investment profession...