BNY Mellon opens German office

New York-headquartered BNY Mellon Investment Management has opened its first German office in Frankfurt as it looks to tap into more European markets.

BNY Mellon opens German office

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The new office means the fund house will be able to offer its range of boutique investment opportunities to wholesale, institutional, and wealth management clients in Germany.

The German venture will utilise BNY’s European distribution model, which is currently in use in France, Italy, Spain, Switzerland, the Netherlands and the Nordics.

Key financial market

“This is an exciting time for the business where we bring the success of our European distribution model to Germany, a key financial market,” said Matt Oomen, co-head of global distribution at BNY.

“Over recent years, we have witnessed strong interest in our absolute return, multi-asset and fixed income capabilities, and we are looking forward to delivering best in class investment, distribution and client service support to German clients.

“We have created a strong, experienced team to head the venture who will play an important role in taking the business to the next step.”  

Leader of the pack

Thilo Wolf, who has a 10-year track record with asset managers and banks across Germany and Austria, has been appointed to lead the venture.

Wolf joins BNY from the cross-asset solutions team of Société Générale. He previously worked for HSBC Trinkaus & Burkhardt where he focused on structured products in Germany, contributing to the growth of the firm’s wholesale distribution business.

Silvia Mischel, who has held senior distribution roles for WestLB group and Meriten Investment Management, will support Wolf by focusing on sales in the institutional market. 

In June, BNY closed its Asia platform for high net worth individuals after 16 months.

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