BNY Mellon looks to advisory market
James Gruver
Major institutional investment house BNY Mellon has signalled it intends pushing into the Australian adviser market in its pursuit of further growth.
Announcing that BNY Mellon Asset Management Limited had passed the $25 billion milestone in Australian and New Zealand assets under management, the managing director of BNY Mellon in Australia, James Gruver, emphasised that the company would be maintaining its institutional push but will also look at the advisory market.
“We hope to continue growth in Australia and New Zealand through our focus on institutional and wholesale investors while looking to the adviser market for even further expansion,” he said.
BNY Mellon Asset Management Australia has a long-standing relationship with St George Bank and it is expected that this will continue to be a part of its growth plans in Australia.
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