BNY Mellon Asset Management today launched two investment boutiques under new names, confirmed spokesman Mike Dunn.
Ankura Capital Pty. Ltd. is based in Sydney and Blackfriars Asset Management Ltd. is based in London. The Bank of New York Mellon purchased the two subsidiaries from its joint venture partner German bank WestLB in December. Terms of the deal were not disclosed, Mr. Dunn said.
Greg Vaughan will continue as managing director and CIO of Ankura Capital, which manages about A$1 billion (US$675 million) in Australian equities. The firm follows a quantitative investment approach combined with a qualitative risk management overlay, according to a news release from BNY Mellon.
Blackfriars Asset Management, which has more than US$2.3 billion in assets under management, will continue to be led by CEO Hugh Hunter. Blackfriars focuses on regional emerging markets equity and debt, and global fixed income.Jon Little, vice chairman of BNY Mellon Asset Management and responsible for the oversight of the firm’s international investment management firms, said in the news release that boosting the firm’s asset management business in Australia and the Asia Pacific region is a priority.
