New BNY Mellon solutions group to meet ‘second wave’ OCIO needs

first_imgBNY Mellon Investment Management has launched a new platform offering portfolio management and investment advisory services for investors worldwide seeking outsourced investment management, with inquiries from European institutions contributing to the decision behind the move.Historically BNY Mellon provided outsourced chief investment officer (OCIO) services – the North American equivalent to fiduciary management – via its banking entity, but its asset management and wealth management arms have now set up BNY Mellon Investor Solutions, an investment advisor registered with the Securities and Exchange Commission, to offer these services.In a statement, BNY Mellon Investment Management said the new group “combines an open-architecture approach with the proprietary investment capabilities of BNY Mellon’s eight specialist investment firms, alongside the full spectrum of advisory services from BNY Mellon Wealth Management, and the custodial and servicing capabilities from BNY Mellon Asset Servicing”.Todd Gibbons, chief executive officer of BNY Mellon, 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.” The $11bn (€9.85bn) Investor Solutions platform is being led by Jamie Lewin, former head of product strategy and performance management for BNY Mellon IM, with reporting to Catherine Keating, a member of BNY Mellon’s executive committee and CEO of BNY Mellon Wealth Management. Jamie Lewin, head of BNY Mellon Investor SolutionsLewin said trends in demographics, the outlook for lower interest rates to prevail for longer, growing capital market and macro uncertainty, and a constantly changing regulatory environment were making for a “complex world” that European institutions were looking for help to navigate just as North American organisations were.“They’re reacting to the same changing fundamentals,” he said. “What is true for the US is certainly, we think, as true for Europe and we’re seeing that with inbound inquiries from European institutions seeking us out for outsourced services.”To read the digital edition of IPE’s latest magazine click here.center_img Catherine Keating, CEO of BNY Mellon Wealth Management‘Second wave’Asked why BNY Mellon had launched the group at this particular time, Keating explained it was because it anticipated a “second wave” in the OCIO market.“We think the first wave really focussed on the outsourced part,” she told IPE. “It was organisations that decided, either because of their size or focus, that they didn’t have the ability or desire to manage some of the investments in-house so they outsourced.“Today we see a second wave starting and these are investors who’ve already decided they’re going to outsource or may already have outsourced, but now are focussed on the outlook – much lower for much longer – and are looking for a broader set of resources to address that,” she added.“They’re looking for economists, asset class specialists, fundamental and quantitative tools, and for technology and risk analytics that can guide them every day.”She said they were also looking for a firm ”that knows them so well it’s as if they’re sitting in their office with them”.Applicable in EuropeThe new group is targeting investors worldwide, including in the UK and the rest of Europe.last_img read more

Keeping Winter Weather from Wreaking Havoc on Home Heating Bills

first_imgWith winter approaching and consumers across Indiana turning up their furnaces, experts say it’s a good time to consider how your home can be more energy efficient.Snow, sleet, and ice have many Hoosiers turning up their thermostats, and those natural gas and electric bills can be expensive.According to Anthony Swinger, director of external affairs at the Indiana Office of Utility Consumer Counselor, a home energy audit can help residents reduce their energy use and better manage their heating bills. He noted that many consumers are eligible for free assessments from the Energizing Indiana program.“They’ll send someone out, do a walk-through, spend some time with you and actually show you where in your home you can make improvements that will can really help and add up,” he said.Other tips to keep heating bills down include clean furnace filters, checking your insulation, setting ceiling fans to turn clockwise at a low speed, and using programmable thermostats that turn down the temperature when you are at work or sleeping.If you are facing financial hardship and can’t pay a bill on time, Swinger suggests reaching out to your utility company.“The more proactive you are, the earlier you contact the utility, and the earlier you work out a payment arrangement and keep it, the better the odds are that you’ll keep those services connected,” he said.Additionally, most Indiana natural gas and electric utilities offer budget billing programs, which he said provide for set monthly payments, making it easier to plan ahead.Swinger pointed out that another easy way to save money is to cut back on what he refers to as “vampire power.”“We’re talking about a cell-phone charger that’s plugged into the wall, but no phone is plugged in at the other end, or another a small appliance that you might keep plugged in that doesn’t really need to be plugged in, but it is using energy to some degree,” he specified.Lighting can also be expensive, and Swinger suggested switching to CFL bulbs which are more efficient, using only a fourth as much energy as traditional incandescent bulbs, and lasting about ten times longer.last_img read more

Girls basketball Bears edged by Oneida in holilday tournament final

first_img Tags: Chittenangogirls basketball But though it trailed 33-23 through three quarters, the Bears weren’t done. It made several key stops and, led again by Ally Shoemaker, whittled down its deficit to a single basket.Then, as time wound down, Chittenango had one more possession, and got a 3-point shot to win the game that found the rim – but bounced in and out before swishing through.Shoemaker finished with 12 points, seven rebounds, six assists, three steals and two blocks, while Cassidy Kelly had 10 points. Emily Moon had six points and six rebounds. For Oneida, Sydney Lusher and Ella Rainbow led with 15 points apiece. Just an inch or two separated the Chittenango girls basketball team from a massive victory over Oneida in last Saturday’s final of the Bears’ holiday tournament.Instead, the state Class B no. 7-ranked Indians held on to prevail, 38-36, handing Chittenango its first defeat of the season, but offering a tantalizing preview of what could happen if the two met again in the Section III Class B playoffs.Much of the game was, for the Bears, a major struggle to score points. Oneida’s defense clamped down for long stretches, especially a second quarter where it limited Chittenango to four points.center_img This was a high-quality tournament from the outset, Oneida holding off Auburn 50-44 in last Friday’s opening round, then Skaneateles proving pesky against Chittenango before the Bears got away to win 66-51.Only up 30-25 at halftime, Chittenango outscored the Lakers 20-13 in the third quarter, and it was Sarah Lanphear leading the way thanks to her 18 points and five rebounds.Shoemaker got 13 points, to go with nine assists and six rebounds. Moon had 10 points and nine rebounds as Kelly got eight points, six rebound and five assists, with Avery Salce adding seven points. Skaneateles went on to beat Auburn 45-35 in the consolation game.With its two-week break over, Cazenovia was back in action last Friday, at 6-1 Solvay, and used its defense to seize control against the Bearcats and prevail 53-35.Lindsey Lawson and the rest of the Lakers settled matters early, roaring to a 37-14 lead by halftime, which allowed it to dictate the pace the rest of the way. Ryleigh Bidwell paced Solvay with 13 points.Chittenango had another big test on Friday night when it took on undefeated, state Class A no. 22-ranked Christian Brothers Academy at Buddy Wleklinski Court.And while it had plenty of good moments, the Bears could never fully recover from a rough start in a 65-53 defeat to the Brothers.In the first of several key runs, CBA had a 10-0 push late in the first quarter. From there, it kept Chittenango at a distance, occasionally letting its lead slip to single digits, but answering each time.Shoemaker did all she could with 22 points, nine rebounds, seven assists and five blocks, while Lanphear had 13 points and nine rebounds, Moon adding 12 points and five rebounds.Yet it was the Brothers’ Brooke Jarvis that proved unstoppable, carrying CBA’s attack in the second half as she netted 20 of her game-high 29 points in those last two periods.Share this:FacebookTwitterLinkedInRedditComment on this Story last_img read more