BNY Mellon to open Frankfurt office
US asset manager BNY Mellon has announced the opening of its Frankfurt-based German office as well as the appointment of Thilo Wolf (pictured) as country head Germany and Silvia Mischel as director in charge of Institutional Sales.
With the opening of the new office, BNY Mellon aims to distribute its suite of boutique investment strategies, including Standish Mellon Asset Management, Alcentra, Insight Investments and Newton Investment Management to institutional, wholesale and wealth management clients in Germany.
BNY Mellon was previously present in the German market through the boutique Meriten Asset Management, a successor of the asset management division of German Landesbank West LB. However, it sold Meriten in April this year to French firm Oddo & Cie. Distribution will now take place directly through the BNY Mellon brand.
As country head Germany, Thilo Wolf has over 10 years’ experience working with asset managers and banks across Germany and Austria. He joins from the cross asset solutions team of Société Générale where he was responsible for asset management clients in Germany and Austria, and specialised in multi asset and absolute return strategies.
He will be supported by Silvia Mischel who, with 35 years’ experience in banking and finance, she will focus on sales efforts in the institutional market. Silvia has held a variety of senior distribution roles for WestLB group and Meriten Investment Management where she was responsible for institutional clients in Germany, Austria and Switzerland.
Matt Oomen, co-head of Global Distribution at BNY Mellon Investment Management, said: “This is an exciting time for the business where we bring the success of our European distribution model to Germany, a key financial market. Over recent years, we have witnessed strong interest in our absolute return, multi-asset and fixed income capabilities, and we are looking forward to delivering best in class investment, distribution and client service support to German clients.