BNY Mellon renames WestLB Mellon Asset Management KAG
BNY Mellon has decided to rename WestLB Mellon Asset Management KAG to Meriten Investment Management GmbH (Meriten Investment Management), which going forward is expected to provide the same services.
WestLB Mellon Asset Management was formed in early 2006 as a 50:50 joint venture between BNY Mellon and Portigon AG.
The company has over 170 employees and more than €26bn in assets under management.
The choice of a new name was made after a complex research process, the firm said.
‘We believe that the positive connotations of merit and performance of the new name Meriten Investment Management reflect our corporate identity and investment philosophy. Understanding our clients’ investment needs combined with our relentless commitment to delivering excellence is firmly anchored in our corporate history,” said Werner Taiber, chief executive of Meriten Investment Management.
Curtis Arledge, chief executive of BNY Mellon Investment Management, added that Germany has one of the most sophisticated investment markets globally, and is a key strategic priority for BNY Mellon.