Mellon Financial Corporation has announced that, for the first time, its total assets under management have exceeded $1 trillion, and now stand at $1.034 trillion.
Mellon is represented in the Gulf region by Mellon Global Investments, which is regulated by the Dubai Financial Services Authority and located in the prestigious Gate Precinct buildings. In total, Mellon’s asset managers and affiliate companies are responsible for in excess of $8 billion in the region*.
Nigel Sillitoe, Executive Officer (Middle East), for Mellon Global Investments, said: “I am delighted that Mellon has exceeded the landmark figure of $1 trillion in assets under management. This is a phenomenal figure that reaffirms Mellon’s position as a global leader in asset management.
“We have been present in the Gulf region for nearly six years and over this time have been very pleased to see our business grow at a strong rate locally. We now manage in excess of $8 billion of assets raised from clients here, further evidence of the growing importance of the
region in the world of investment.”
Mellon Global Investments Limited is the international distributor of the investment skills and products of the asset management subsidiaries of Mellon Financial Corporation. Each of Mellon’s asset managers is a specialist in its field. Their combined offering includes mainstream and high yield bond, cash, equity management, currency overlay, indexation and alternative investment management. Mellon Global Investments delivers these diverse skills to a wide and varied client base, providing a wealth of solutions. More information is available at www.mellonglobalinvestments.com.
Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world’s leading providers of financial services for institutions, corporations and high net worth individuals, providing asset management, wealth management, asset servicing, issuer services and treasury services. Mellon has approximately $5.8 trillion in assets under management, administration or custody, including $1.034 trillion under management. News and other information about Mellon is available at www.mellon.com.
