The struggle to secure stable long-term income, while dealing with the woes of sidelined cash during poor market conditions, is a common conundrum in Asia’s transaction-orientated private banking industry. But BNY Mellon believes it is set to transform businesses and drastically increase discretionary portfolio management (DPM) penetration with its separately managed accounts (SMA) service, SPECTRUM. “We believe the SMA platform…
BNY Mellon confident its SMA service can push DPM penetration to 12%
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