BNY Mellon Investment Management Japan
Japanese asset management subsidiary of BNY Mellon.
Last updated August 31, 2026
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Overview
BNY Investments is the investment management division of BNY, the financial-services group formerly known as The Bank of New York Mellon. It is one of the world’s large asset-management organizations and provides investment capabilities to institutional investors, wealth managers, intermediaries, corporations, sovereign and public-sector clients, and other professional investors. Its activities span public and private markets, including equities, fixed income, cash management, multi-asset strategies, alternatives, private credit, real assets, and liability-oriented solutions. The division was created in 2007 following the merger of The Bank of New York and Mellon Financial. The transaction brought together BNY Asset Management and Mellon Asset Management, creating BNY Mellon Investment Management as a major operating division within the newly formed BNY Mellon group. Mellon’s platform was substantially larger at the time, with approximately $930 billion in assets under management compared with roughly $179 billion for BNY Asset Management. The combined organization inherited a collection of specialist investment businesses, including Dreyfus, Newton, Walter Scott, Boston Company Asset Management, Standish Mellon Asset Management, Ivy Asset Management, Alcentra, and Urdang Capital Management. Rather than replacing those businesses with one centralized investment process, BNY Investments developed a multi-boutique model. Under this structure, specialist managers retain substantial autonomy over investment philosophy, portfolio construction, research, and client relationships, while the parent organization provides shared distribution, operational infrastructure, governance, technology, and access to global markets. This model allows the group to present a broad range of strategies while preserving the identities and investment cultures of individual firms. International expansion was an early priority. In 2007, the organization acquired Brazilian manager ARX Capital Management and established a joint venture with Western Securities in China focused on retail money management. It also explored relationships with sovereign wealth funds and other large institutional investors in the Middle East. In 2009, it acquired Insight Investment from Lloyds Banking Group and purchased a minority stake in alternatives specialist Siguler Guff. The business also underwent portfolio rationalization. Ivy Asset Management’s fund-of-hedge-funds operation was closed in 2010 after declining client interest and regulatory scrutiny connected with its exposure to investment-related controversies. In 2017, the group sold its real-assets business, CenterSquare Investment Management, formerly associated with Urdang Capital Management. In 2018, Mellon Capital Management, Standish Mellon Asset Management, and The Boston Company Asset Management were combined under the Mellon Investments name, partly to share the growing costs of technology, data, and research. In 2022, Franklin Templeton agreed to acquire Alcentra, BNY Mellon Investment Management’s private-credit business, for approximately $1 billion. The transaction closed on November 1, 2022, reducing the scope of the group’s directly owned private-credit platform. BNY reported that investment-management assets under management fell 24.6% year over year as of December 31, 2022, citing market declines, the stronger U.S. dollar, and the Alcentra disposal. In June 2024, the division adopted the BNY Investments brand. The rebrand aligned the investment-management business with BNY’s broader corporate identity while retaining its specialist-manager structure and broad institutional and intermediary client base.
History
BNY Investments originated in the asset-management businesses of The Bank of New York and Mellon Financial. Before their corporate merger, Bank of New York operated BNY Asset Management, while Mellon Financial controlled Mellon Asset Management. When the two parent institutions merged in July 2007, their investment businesses were combined into BNY Mellon Investment Management. The inherited platform was heavily weighted toward Mellon. At the time of the merger, Mellon Asset Management reportedly managed approximately $930 billion, compared with approximately $179 billion for BNY Asset Management. The combined organization therefore incorporated a large collection of established specialist managers, including Dreyfus, Newton, Walter Scott, Boston Company Asset Management, Standish Mellon Asset Management, Ivy Asset Management, Alcentra, and Urdang Capital Management. Ronald O'Hanley became chief executive of the new investment-management division, while several senior BNY Asset Management executives departed after the integration. The division initially pursued international expansion and broader access to emerging markets. In 2007 it acquired Brazil-based ARX Capital Management and entered a Chinese joint venture with Western Securities aimed at retail money management. It also considered opportunities involving Middle Eastern sovereign wealth funds, including potential relationships with the Kuwait Investment Authority and the Abu Dhabi Investment Authority. In 2009, the group acquired Insight Investment from Lloyds Banking Group for £235 million and bought a 20% stake in Siguler Guff. The organization later made significant portfolio and operating changes. Ivy Asset Management’s fund-of-hedge-funds business was closed in early 2010. The closure followed declining client interest after the Amaranth Advisors losses and regulatory attention concerning advice associated with Bernard Madoff investments. In November 2012, Ivy reached a $210 million settlement with U.S. authorities over that matter. In September 2017, BNY Mellon Investment Management sold its real-assets business, CenterSquare Investment Management, to Lovell Minnick Partners. CenterSquare had previously been connected with Urdang Capital Management, one of the businesses inherited from BNY Asset Management. In 2018, Mellon Capital Management, Standish Mellon Asset Management, and The Boston Company Asset Management were merged into Mellon Investments. The consolidation was intended in part to spread rising technology and research expenses across a more integrated platform. The division continued to adjust its business mix in the 2020s. In May 2022, Franklin Templeton agreed to buy Alcentra, the private-credit unit, for approximately $1 billion. The transaction closed on November 1, 2022. BNY subsequently reported that assets under management for the investment-management division had fallen 24.6% from the prior year as of December 31, 2022. Reported factors included declining market values, the effect of a stronger U.S. dollar, and the disposal of Alcentra. In June 2024, BNY Mellon Investment Management was rebranded BNY Investments. The new name connected the division more directly with BNY’s corporate identity while preserving its multi-boutique operating approach. The business remains an active global investment-management platform offering specialist strategies across public and private markets.
- 2024
Division renamed BNY Investments
[1]The investment-management business adopted the BNY Investments brand.
- 2022
Alcentra sale agreed
[1]Franklin Templeton agreed to acquire the private-credit unit for approximately $1 billion.
- 2022
Alcentra sale completed
[1]The transaction with Franklin Templeton closed on November 1.
- 2018
Mellon Investments created
[1]Three Mellon investment businesses were combined to improve operating and research efficiency.
- 2017
CenterSquare Investment Management sold
[1]The real-assets unit was sold to Lovell Minnick Partners.
- 2012
Ivy settlement announced
[1]Ivy Asset Management reached a $210 million settlement with U.S. authorities related to Madoff investment advice.
- 2010
Ivy Asset Management fund-of-hedge-funds business closed
[1]The operation was shut after declining client interest and regulatory scrutiny.
- 2009
Insight Investment acquired
[1]The division purchased Insight Investment from Lloyds Banking Group for £235 million.
- 2007
BNY Mellon Investment Management is established
[1]The asset-management operations of The Bank of New York and Mellon Financial were combined following their corporate merger.
- 2007
ARX Capital Management acquired
[1]The acquisition expanded the organization’s presence in Brazil and emerging markets.
Products and positioning
A global multi-boutique investment manager combining specialist investment firms with the distribution, operating infrastructure, and institutional reach of BNY.
Equities and fixed income
Public-market investment strategies
BNY Investments offers specialist equity and fixed-income capabilities through its affiliated and associated investment managers. Mandates may be designed for institutional portfolios, intermediaries, wealth platforms, or pooled vehicles, with strategies differentiated by geography, market segment, style, duration, credit exposure, and investment objective.
Systematic and multi-asset investment management · 2018
Mellon Investments
Mellon Investments was formed in 2018 by combining Mellon Capital Management, Standish Mellon Asset Management, and The Boston Company Asset Management. The platform provides investment capabilities supported by quantitative research, portfolio construction, technology, and institutional-scale operating resources.
Active investment management
Newton Investment Management
Newton is one of the specialist investment businesses associated with the BNY Investments platform. Its capabilities have included active approaches across equities, fixed income, multi-asset portfolios, and thematic or outcome-oriented mandates for institutional and intermediary clients.
Institutional and liability-oriented investing · 2009
Insight Investment
Insight Investment joined the organization through its 2009 acquisition from Lloyds Banking Group. It is associated with institutional investment solutions, fixed income, liability-driven investing, multi-asset portfolios, and outcome-focused mandates.
Brazilian investment management · 2007
ARX Investimentos
ARX Capital Management was acquired in 2007 to expand the group’s Brazilian presence. The business provides locally focused investment capabilities within the wider international specialist-manager network.
Private credit
Alcentra
Alcentra was the group’s private-credit business and formed part of the inherited specialist-manager portfolio. Franklin Templeton agreed to acquire the unit in 2022, and the transaction closed on November 1 of that year.
Real assets
CenterSquare Investment Management
CenterSquare was the organization’s real-assets unit and was previously associated with Urdang Capital Management. BNY Mellon Investment Management sold the business to Lovell Minnick Partners in 2017.
Controversies
2012
Ivy Asset Management settlement
Ivy Asset Management reached a $210 million settlement with U.S. authorities concerning its role in advising clients to invest with Bernard Madoff.
2010
Ivy Asset Management and Madoff-related scrutiny
Ivy Asset Management faced regulatory scrutiny over advice that led clients to invest with Bernard Madoff. The unit also had a connection to losses involving Amaranth Advisors. Its fund-of-hedge-funds operation was closed in 2010, and the matter later resulted in a settlement with U.S. authorities.
Brand decisions
2024
Rebrand as BNY InvestmentsStrategyBackground
BNY Mellon aligned its businesses more closely with the shortened BNY corporate identity.
Action taken
The investment-management division changed its public brand from BNY Mellon Investment Management to BNY Investments.
Aftermath
The business continued operating as a global multi-boutique investment manager under the new name.
2022
Sell Alcentra to Franklin TempletonM&ABackground
BNY Mellon Investment Management decided to divest its private-credit unit amid changes in the business and private-markets environment.
Action taken
Franklin Templeton agreed to acquire Alcentra for approximately $1 billion; the transaction closed on November 1, 2022.
Aftermath
The divestment reduced BNY Investments’ directly owned private-credit activities and was cited as one factor in the division’s subsequent assets-under-management decline.
Purchase price. $1 billion (Announced May 2022; completed November 1, 2022)
2018
Consolidate three Mellon investment businessesStrategyBackground
Rising technology, data, and investment-research costs increased the potential benefits of operating consolidation.
Action taken
Mellon Capital Management, Standish Mellon Asset Management, and The Boston Company Asset Management were combined as Mellon Investments.
Aftermath
The consolidation created a more integrated Mellon platform intended to share resources and improve efficiency.
2017
Divest CenterSquare Investment ManagementM&ABackground
The group reviewed the composition of its investment-management platform and its real-assets activities.
Action taken
CenterSquare Investment Management was sold to Lovell Minnick Partners.
Aftermath
BNY Mellon Investment Management exited direct ownership of the real-assets unit.
2007
Combine BNY Asset Management and Mellon Asset ManagementM&ABackground
The merger of The Bank of New York and Mellon Financial required the integration of their separate asset-management divisions.
Action taken
The businesses were brought together as BNY Mellon Investment Management under a multi-boutique structure.
Aftermath
The combined division inherited a broad set of specialist managers and became a major global investment-management platform.
Recent events
- 2024
BNY Mellon Investment Management rebranded as BNY Investments[1]
Other
The investment-management division adopted the BNY Investments name as part of a broader alignment with the BNY corporate brand.
- 2023
Investment-management assets under management decline during 2022[1]
Other
BNY reported a 24.6% year-over-year decline in assets under management as of December 31, 2022, attributing the change to lower market values, the stronger U.S. dollar, and the Alcentra sale.
- 2022
Franklin Templeton agrees to acquire Alcentra from BNY Mellon[1]
M&A
Franklin Templeton agreed to purchase BNY Mellon Investment Management’s private-credit unit Alcentra for approximately $1 billion.
- 2022
Alcentra transaction closes[1]
M&A
The sale of Alcentra to Franklin Templeton was completed on November 1, 2022.
- 2018
Three investment businesses consolidated as Mellon Investments[1]
Other
Mellon Capital Management, Standish Mellon Asset Management, and The Boston Company Asset Management were combined into Mellon Investments to share technology, research, and operating costs.
- 2017
CenterSquare Investment Management sold to Lovell Minnick Partners[1]
M&A
BNY Mellon Investment Management sold its real-assets unit, CenterSquare Investment Management, which had previously operated as Urdang Capital Management.
- 2009
BNY Mellon Investment Management buys Insight Investment[1]
M&A
The division acquired Insight Investment from Lloyds Banking Group for £235 million, broadening its investment-management platform.
- 2009
BNY Mellon Investment Management takes minority stake in Siguler Guff[1]
M&A
The organization acquired a 20% interest in alternatives manager Siguler Guff.
- 2007
BNY Mellon creates investment-management division through merger integration[1]
M&A · Leadership change · Other
The merger of The Bank of New York and Mellon Financial brought their asset-management operations together as BNY Mellon Investment Management.
- 2007
BNY Mellon Investment Management acquires Brazilian manager ARX Capital Management[1]
M&A
The acquisition expanded the division’s presence in Brazil and supported its strategy of entering emerging markets.
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