Insight Investment has announced currency risk manager Pareto Investment Management is to be merged into the Insight Group.
Pareto IM has around £27bn of assets under management and has operations in the UK, USA, Asia and Japan.
The transaction is set to be completed by January 2013, with Pareto remaining a separate entity within the Insight Group.
Both firms are already part of BNY Mellon.
Insight CEO and CIO Abdallah Nauphal says: “Insight and Pareto are a natural fit as the businesses have a similar risk management philosophy and client-centric approach. Pareto’s expertise in currency is complementary to our current risk management and investment capabilities and the transaction supports our objective of providing holistic risk management solutions to our clients. In addition, their presence in North America and the Asia Pacific region provides a solid platform for continuing Insight’s international expansion.”