Bringing you live news and features since 2006 

Hong Kong

BNY Mellon launches discretionary investment and wealth management services in Hong Kong

RELATED TOPICS​

BNY Mellon Wealth Management has received regulatory approval in Hong Kong to launch discretionary investment and wealth management services to high net worth individual investors.

BNY Mellon Wealth Management will bring a wide range of solutions-based services including strategic asset allocation, access to investment management services provided by the corporation's multi-boutique structure, and active, personalised client discretionary portfolio management.
 
BNY Mellon is one of the largest wealth managers in the world with more than USD187 billion in private client assets, as of 30 September 2014.  
 
The launch signifies a marked expansion of BNY Mellon's Asia-Pacific wealth management presence serving Asian families as well as US citizens.
 
"Our expansion provides greater access to comprehensive wealth and investment planning services to the high-net worth market," says Larry Hughes, chief executive officer of BNY Mellon Wealth Management. "With the broad and deep capabilities of one of the world's leading investments companies, BNY Mellon offers holistic, solutions-based wealth management. Our focus on discretionary investment management, rather than transactional services, is integral to our comprehensive approach and differentiates us in the market."
 
"We continue to make significant investments in both our core businesses of investment management and investment services in Asia-Pacific," says Alan Harden, CEO of BNY Mellon Investment Management in Asia-Pacific. "Expanding on-the-ground wealth management services is a prime example of this long term commitment to the region. The Bank of New York Mellon is leveraging the trend of unprecedented wealth growth rates in the Asia-Pacific region by drawing from our broad global expertise to deliver wealth and investment planning solutions locally."

Latest News

BlackRock’s global ETP flows report for June finds a steady rise with USD128.1 billion added to global ETPs in June,..
Morningstar’s global ETF flows report for the first half of 2024 shows that actively managed ETFs have captured 25 per..
The surge in bitcoin ETF launches and funds flowing into the sector is transforming institutional investment in digital assets but..
LSEG Lipper’s latest research finds that the majority of actively managed funds and ETFs globally were not able to beat..

Related Articles

Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Andrea Busi, Directa SIM
Romain Thomas talks to Andrea Busi (pictured), CEO of Directa SIM, who explains why the online trading platform has just...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by