BNY Mellon set to expand adviser sector presence
James Gruver
Institutional investment house BNY Mellon has signalled an intention to increase its investment into the Australian adviser market in its pursuit of further growth.
“BNY Mellon Asset Management continues to see development of the adviser channel as a key initiative for the firm’s Australian business,” according to BNY Mellon Australia managing director James Gruver.
Anticipating “strong growth” in the adviser market in Australia in 2009, Gruver said BNY Mellon’s long-standing relationship with St George Bank would continue to be a part of its growth plans in Australia.
“We remain fully committed to the St George/Advance relationship and anticipate further investment in the channel in the months ahead,” he said.
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