BNY Mellon China JV close to launching in Shanghai
Unfazed by the recent breakup of its QDII advisory deal with China Southern, BNY Mellon carries on with its planned launch of a JV with Western Securities.
It is supposed to be the 33rd joint venture and 60th company (after China Asset Management's completed merger with Citic Funds early this year) to appear in China's fund management industry.
Hu Bin, CEO at BNY Mellon's planned JV with Western Securities in Shanghai, says all is on track for the firm's setup. Since the China Securities Regulatory Commission gave the firm its green light to start hiring after the Chinese New Year, the firm has already been able to line up a core team f…
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