BNY Mellon unveils new OCIO business

BNY Mellon Investment Management launched BNY Mellon Investor Solutions, an SEC-registered investment adviser that offers comprehensive portfolio management and investment advisory services for those seeking outsourced investment management. The group has $11 billion in global AUM and builds upon the firm’s nearly 50i years of experience as an outsourced chief investment officer (OCIO) and the firm’s position as one of the worlds largest institutional asset managers. The new entity brings together the proprietary investment capabilities of BNY Mellon’s eight specialist investment firms with the full spectrum of BNY Mellon Wealth Management’s advisory services and the custodial and servicing capabilities of BNY Mellon Asset Servicing. The aim is to offer advice, discretionary portfolio management, analytical and infrastructure services to endowments and foundations, retirement plans, family offices, private wealth and intermediary RIAs, which is one of the fastest growing areas for OCIO services, officials said. “BNY Mellon Investor Solutions brings together the full power of our collective enterprise to meet the ever-evolving needs of investors by providing an integrated investment offering – needs that have only been amplified in the current environment,” said Todd Gibbons, CEO of BNY Mellon. The OCIO services include: asset allocation and portfolio construction advice; manager research and selection; investment analytics; customized investment analytics; customized investment strategies; and access to trust and custody services. Within customized portfolio solutions, the new group will provide model portfolios, multi-asset strategies, multi-manager strategies, overlay programs and an alternatives program. BNY Mellon Investor Solutions will be led by Jamie Lewin, former head of product strategy and performance management for BNY Mellon Investment Management. Nearly 70 investment professionals will be working in the new unit. Lewin reports to Catherine Keating, a member of BNY Mellon’s Executive Committee and CEO of BNY Wealth Management. "BNY Mellon has served as an outsourced solutions provider for five decades," said Keating. "We are excited to announce an even deeper set of capabilities to meet the growing needs of institutions, individuals, and their advisors for solutions in this new decade. The ability to tap into BNY Mellon's leading investment and advisory services to design customized portfolios tailored to client objectives, preferences, and market realities, represents a compelling proposition for investors seeking a comprehensive investment solution." "The launch of BNY Mellon Investor Solutions expands upon our commitment to offer clients the 'best of both worlds' -- specialist investment expertise combined with the strength of an investment partner with broad capabilities at scale," added Mitchell Harris, chief executive officer of BNY Mellon Investment Management. "Whether that takes the form of whole portfolio solutions, customized mandates, or specialist insights for better-informed investment outcomes, investors will now have a single resource to help navigate an increasingly complex investment landscape."