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

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
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