US-based asset manager BNY Mellon has expanded its European footprint by opening its first German office in Frankfurt.
The new Frankfurt office is aimed at distributing the firm’s suite of boutique investment strategies, including Standish Mellon Asset Management, Alcentra, Insight Investments and Newton Investment Management to institutional, wholesale and wealth management clients in Germany.
Additionally, BNY Mellon has hired Thilo Wolf as country head Germany and Silvia Mischel as director in charge of institutional sales.
Wolf, who has been hired to head the venture, joined BNY Mellon from Société Générale, where he worked with the cross-asset solutions team.
Prior to this, he worked with HSBC Trinkaus & Burkhardt, where he focused on structured products in Germany. He has over 10 years of experience working with asset managers and banks across Germany and Austria.
In her new role, Mischel will be responsible for focusing on sales efforts in the institutional market. Prior to joining BNY Mellon, she has held several senior distribution roles for WestLB group and Meriten Investment Management.
BNY has already launched a European distribution model in France, Italy, Spain, Switzerland, the Netherlands and the Nordics.
BNY Mellon Investment Management co-head of global distribution Matt Oomen said: "This is an exciting time for the business where we bring the success of our European distribution model to Germany, a key financial market.
"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."