Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Mellon Forms JV with German Money Manager Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, September 21, 2005

Mellon Forms JV with German Money Manager

by: Theresa Sim

Mellon Financial will broaden distribution of its investment products in Europe through a new deal with German asset manager WestLB AG, according to a Mellon release.

Mellon and WestLB plan to form a joint venture called WestAM out of Mellon's German asset management business and WestLB's asset management business.

WestAM will be the exclusive distributor of Mellon's products in Germany, while WestLB subsidiary Banque D'Orsay will be the exclusive distributor of Mellon's products in France. Mellon will distribute Banque D'Orsay's products globally.

“Consistent with our strategy, this partnership enables WestLB to focus on its client and distribution strengths and Mellon to leverage its recognized asset management product strengths," said Ron O’Hanley, president of Mellon Institutional Asset Management in a statement.

The deal is expected to be effective in early 2006.

Luke Nunneley, global head of asset management at WestLB, will head the joint venture.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use