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BNY Mellon AM launches Aussie equities boutique
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| James Gruver
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BNY Mellon Asset Management has launched Ankura Capital — a new investment boutique focused on the management of domestic Australian equities based on the joint venture with WestLB.
The launch of Ankura results from BNY Mellon having purchased the remaining 50 per cent of WestLB in December last year.
Ankura Capital retains all the WestLB joint venture investment staff and management team, with managing director and chief investment officer Greg Vaughan continuing in the role.
Announcing the move today, BNY Mellon Asset Management vice chairman Jon Little said accelerating the already significant growth of the company’s asset management business in Australia and the Asia Pacific was a key priority.
“Australia is one of the most advanced markets in the world and this is an exciting opportunity for our company to move forward in our ambitions to be one of the leading money managers in the region,” he said.
The managing director of BNY Mellon Asset Management in Australia, James Gruver, said Ankura would complement BNY Mellon’s strong suite of solutions for the institutional marketplace and also provide access to Australian equities for the company’s global client base.
The company said it was also launching another boutique within its multi-boutique structure, Blackfriars Asset Management Limited, which would focus on emerging markets equities and global fixed income.
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