BNY Mellon completes JP Morgan trust acquisition

Bank of New York Mellon's business swap for JP Morgan Chase's global corporate trust business in Japan is finally complete, three years after the deal was first inked. With this month's completion of the transaction, BNY Mellon will offer asset securitisation services in Japan. The bank already offers asset management and securities servicing, including asset trustee, cash management and fiscal agency services, to institutional and retail customers in the country. "Scale, expertise,…