Mellon offers big ticket asset management solutions to GCC

DUBAI - Mellon Global Investments, a leading international distributor of the investment skills and products of the asset management subsidiaries of Mellon Financial Corporation, is offering big ticket asset management solutions to institutional clients in the GCC.

By A Staff Reporter

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Published: Wed 8 Dec 2004, 12:20 PM

Last updated: Thu 2 Apr 2015, 11:46 AM

Mellon's asset managers and its affiliate companies are managing more than $5 billion in the Gulf region. Out of this about 3.5 billion are from UAE. “We are specialising in asset management solutions suited for institutional clients including central banks, commercial banks and treasury operations of medium and large sized companies,” said Tim Wilson, director of Investment Management Strategy and Asset Allocation.

Currently, Mellon has a BMA approved office in Bahrain. Their combined offering includes mainstream and high yield bond, cash, equity management, currency overlay, indexation and alternative investment management.

Mellon Global Investments' clients include banks, investment managers, insurance companies, pension funds and professional advisers.

Mellon is ranked fourth largest institutional asset management company globally with total assets under management, administration or custody exceeding $3.7 trillion, including $670 billion under management.

The company has a unique asset management model which enables its independent specialist asset managers to provide investment management services to institutional clients. Worldwide they have 13 asset management companies which offer diverse solutions suiting each client's requirements.

“The asset management solutions range from fundamental research-focused equity asset management covering value, growth and core strategies; hedge funds and manager of managers strategies to institutional investors; risk-controlled investment strategies or active growth manager specialising in emerging markets,” Wilson said.

In the context of the oil windfall and the excess liquidity in the GCC's private wealth and the financial system, Mellon believes that the region has big potential in terms of various kinds of asset management solutions. “Despite the booming local stock markets, the investment options available for institutional investors are limited. The growing liquidity overhang is compelling many to look to global markets for investment options. With our kind of reach to the global markets, we can offer the most suited solutions to institutions from this region,” said Nigel Sillitoe, Director of Business Development, Middle East, Mellon Global Investments.

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