BNY Mellon readies managed-account platform
The US firm is about to launch what it says is a first-of-its-kind separately managed accounts offering in Asia, and aims to partner with private banks.
BNY Mellon will launch a separately managed account (SMA) business in Hong Kong later this year, its first in the region, with a view to tapping private bank clients.
The $1.4 trillion US investment management and services firm, which received the required licence from Hong Kong’s Securities and Futures Commission in June, is now looking to partner with private banks through its Hong Kong SMA business.
“Asian private banks are very well positioned to help drive separately manage…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.