BNY Mellon Asset Management announced Monday that it had introduced two fund units — Blackfriars Asset Management in London and Ankura Capital in Sydney.
The Bank of New York Mellon Corp. unit said the units came with its December acquisition of two investment subsidiaries from its joint venture with Germany's WestLB. The price of the deal was not disclosed.
Greg Vaughan is to remain the managing director and chief investment officer at Ankura, and Hugh Hunter is to remain chief executive officer at Blackfriars. Both companies will retain their investment staff and management teams.
Ankura Capital, which specializes in managing quantitative assets, has $674.1 million under management in Australian equities for Australian clients.
Blackfriars Asset Management, which has $2.3 billion under management, focuses on global and regional emerging markets equities, debt, and global fixed-income assets.
