As part of its European growth plans, BNY Mellon Asset Management, the global asset management arm of The Bank of New York Mellon Corporation, opens an office in Paris.
Anne-Laure Frischlander, Managing Director and Head of BNY Mellon Asset Management’s French operations, will lead the asset management sales team of five in this office. The core focus of the team will be to service existing clients in the French region and to generate new business opportunities for the organisation.
The Bank of New York Mellon has had a bank representative office in Paris since 1963 which also represents premier services in Asset Servicing, Treasury Services, Corporate Trust and Depositary Receipts.
“BNY Mellon Asset Management has worked with French institutional clients since 2005,” says Anne-Laure Frischlander. “We have been successfully operating from our European headquarters in London over four years with a view to setting up an office in France at the right time. It therefore gives me pleasure to announce today that our team is now fully operational in Paris. We will continue to aim to offer our clients fully tailored investment solutions from our stable of specialised investment boutiques and we currently have a range of 25 funds across all asset classes which are registered for distribution in France.
“Our move underlines our dedication to the French market and we believe it is of crucial importance and particularly in this unprecedented economic environment to remain close to our clients and help navigate them through these turbulent times.”
“France is a key market for BNY Mellon Asset Management’s strategy and we are delighted to open an office in Paris, which constitutes a key step in our international expansion,” says Jon Little, vice-chairman of BNY Mellon Asset Management. “Our unique multi-boutique structure gives the French investor access to the full spectrum of expertise from the various boutique asset managers under the BNY Mellon Asset Management umbrella.”
D.C.