The combined group, which will have assets under management of around £212.3bn, will be known as Insight Investment in the UK and Europe.
The move sees Insight’s experience in liability driven investment, active fixed income, multi-asset and absolute return solutions combine with Pareto’s active and passive currency risk management business.
Abdallah Nauphal, chief executive of Insight said, “From the outset, Insight and Pareto showed themselves to be a natural fit. The businesses share a similar risk management philosophy and client centric approach.
“By combining Pareto’s expertise in currency risk management with Insight’s capabilities, we have created a comprehensive investment solutions business which enables us to provide additional value to clients.”
The combined group will be a fully autonomous investment manager in BNY Mellon’s boutique asset management structure.