BNY Mellon Asset Management has been selected to manage two global equity mandates on behalf of Japan’s public pension fund, the Government Pension Investment Fund.
The Government Pension Investment Fund (GPIF) has investible assets of approximately $1.5 trillion. Following a review of its existing fund managers, GPIF appointed two BNY Mellon Asset Management boutique investment managers, Newton Investment Management and Walter Scott & Partners, to manage global equities ex-Japan.
According to the company, the two individual mandates will be managed by members of the global equity teams at Newton, based in London and at Walter Scott, based in Edinburgh.
David Jiang, CEO at BNY Mellon Asset Management for Asia-Pacific, said: As a business, we are constantly reviewing the offering to our clients and aiming to provide the best quality of products and services in the marketplace, so it’s very rewarding to be awarded two such mandates by Japan’s most respected pension fund.
Jon Little, vice chairman at BNY Mellon Asset Management, added: Japan is a key market for The Bank of New York Mellon and our business is growing significantly in the region. This appointment reflects our strength in depth and ability to match client needs with investment services.
