BNY Mellon-owned Insight’s plans are revealed in accounts filed at Companies House, which show a pre-tax profits rise over the last year of 22% for its institutional business, from £118.4m to £163.9m.
Assets under management rose from £168.3bn to £229bn in December 2012, which factor in the acquisition of Pareto, a spokesperson for Insight said.
The combined group will be known as ‘Insight Investment’ in the UK and Europe. In North America and Australasia, Pareto Investment Management will be marketed under the brand name of ‘Insight Pareto’. The group will remain a fully autonomous investment manager in BNY Mellon’s boutique asset management structure.
“We are growing our European presence, notably in Germany and the Netherlands and, through leveraging BNY Mellon’s reach, we are planning a targeted international expansion, supported further by the acquisition and integration of Pareto in 2013”, directors stated in the accounts.
