BNY Mellon

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BNY Mellon Asset Management has announced the untimely death of Maurice Wren, the group's head of investment solutions.

Former Gartmore head of credit Simon Surtees has joined BNY Mellon Asset Management's Standish affiliate.

BNY Mellon Asset Management has completed the acquisition of Insight Investment Management from Lloyds Banking Group for £235m.

Toni is a young woman the vast majority of readers of Investment Week are unlikely to ever come across in their lives.

Newton's £2.6bn Higher Income fund will move to quarterly distribution as of next month.

The Insight Investment Monthly Income fund and Absolute Insight UK Equity Market Neutral fund will keep their OBSR ‘A' ratings, despite the group's sale to BNY Mellon.

The Dow Jones is seeing upward movement as investors await the Fed's interest rate decision due later today.

BNY Mellon Asset Management vice chairman Jon Little has reassured retail investors the group plans to keep its soon-to-be-acquired Insight business "separate and distinct" from its other affiliates.

Lloyds' decision to sell Insight Investment to the Bank of New York Mellon for £235m and bring the rest of its asset management business under Swip saw its share price fall 0.3% to 90.72p in early trading today.