BNY Mellon Investment Management is set to break up parts of its US-based Mellon Investments business, dividing expertise, strategies and staff across its multi-boutique range.
The shake-up, which will see Mellon CEO Des Mac Intyre depart after 13 years with the firm, will include Newton Investment Management taking on Mellon's active equities and multi-asset capabilities, while Insight and Dreyfus Cash Investment Strategies will be handed the boutique's active fixed income and cash capabilities respectively. BNY Mellon IM expands thematic range with healthcare biotech fund Mellon will continue to exist as a provider of equity and fixed income index management to institutional investors. COO Michael Germano will take on CEO of active management in the interi...
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