BNY Mellon has hired an industry veteran from Nomura to lead its business in Japan, as the US financial services group looks to bolster its Asia Pacific strength. Kunio Watanabe has been named as Japan country executive and representative for the Tokyo branch of BNY Mellon, according to a statement on Wednesday. Watanabe will also be a member of the […]

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BNY Mellon has expanded its relationship with alternative credit firm CIFC to distribute the latter’s US credit strategy to clients in Asia. BNY Mellon Investment Management (BNY Mellon IM), which manages US$2.0 trillion in assets, will have access to CIFC’s US direct lending strategy on its global distribution platform for clients across EMEA and APAC, according to a statement Thursday. […]

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BNY Mellon has named a new Hong Kong CEO to bolster its business in Asia Pacific. Francis Giglio has been appointed as Hong Kong Chief Executive effective immediately, and will be responsible for advancing strategic priorities in Hong Kong. He will continue to fulfil his duties as global head of relationship management for depositary receipts alongside his new role at the […]

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BNY Mellon has named a new Australia country executive, according to an announcement on Thursday, as the US financial services group seeks to build out its presence in the Land Down Under. The appointment of Geoff Hodge is effective immediately upon regulatory notification. Hodge will lead BNY Mellon’s team in Australia with a focus on how the fund manager can […]

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PineBridge Investments has hired a head of wealth management for Asia from BNY Mellon. Nicolas Kopitsis has been appointed by PineBridge Investments to lead the firm’s wealth business in the region, the company said on Wednesday. In his newly created role, Kopitsis will focus on increasing awareness of the asset management firm’s investment capabilities and strengthening its product distribution to […]

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BNY Mellon Wealth Management has pulled the brakes on its operations in Hong Kong, following the firm’s “strategic review” of the business, Asian Private Banker can reveal. A spokesperson from BNY Mellon has confirmed the news, adding that only a small number of clients were affected due to the modest size of the business. Apart from its extensive presence within […]

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With Wall Street closing at all-time highs overnight and Asian traders taking those cues to send stocks in the region higher, investment experts advise that even though optimism may be warranted in the long term, a degree of caution may be in order for the time being. On Monday, the Nasdaq Composite added nearly 1% and the S&P 500 and […]

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Asset manager BNY Mellon Investment Management has named a new representative director, president in Japan. Effective 1 April 2021, Katsutoshi Endo will succeed Shogo Yamaguchi, who will continue as director and chairman of the firm. Endo will be responsible for developing the strategic direction of BNY Mellon Investment Management Japan and leading the local team. Endo joined BNY Mellon Investment […]

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BNY Mellon Investment Management has expanded its thematic product shelf with the launch of three equity strategies — Future Earth, Future Food, and Future Life — all within its “future” investment range. The strategies are actively managed global portfolios with a focus on equities positively correlated with topics such as climate change, the revolution in food production, and increased consumer […]

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BNY Mellon Investment Management has hired one intermediary salesperson for its distribution team in Hong Kong. Reporting to Nicolas Kopitsis, head of intermediary distribution Asia ex-Japan, Victor Lam has joined as vice president for its intermediary distribution business. Lam will focus on building on existing relationships and growing new relationships with private banks in Hong Kong, as well as expanding […]

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This is a sponsored article from BNY Mellon Investment Management. In a world challenged by negative yielding debt, where should investors turn for income? BNY Mellon Investment Management’s Sebastien Brown discusses. Anyone unsure of the power of dividends in wealth creation should consider historic data from US equity markets. The chart below illustrates how, on a pure capital gains basis, […]

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This is a sponsored article from BNY Mellon Investment Management. As climate change rises up the agenda, one obvious area of consideration is the energy sector, as fossil fuel-related emissions play a significant role in climate change. While the specifics vary between each industry, we believe it is likely that a combination of policy and new technology will have a […]

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Asset manager BNY Mellon has added two intermediary business development managers in Asia in a bid to grow relationships with private banks, wealth managers, retail banks and family offices in the region. Based in Singapore and Hong Kong respectively, Vivienne Lim and Billy Chung have joined BNY Mellon as intermediary business managers — newly created roles. Both report to Nicolas Kopitsis, head […]

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Thematic and sector-related funds attracted more than US$230 billion in net inflows in 2018 despite risk-averse investor sentiment prompting a notable sell-off of assets. According to Morningstar, which was unable to provide details on where the flows had originated from, technology-themed mutual funds enjoyed the largest inflows in 2018, totalling more than US$114 billion, followed by consumer goods and services-related […]

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Predominantly driven by private banks, there exists a “clear trend” of fund flows shifting from the bond space to global thematic equities, BNY Mellon Investment Management told Asian Private Banker. In early 2018, BNY Mellon IM launched a mobility innovation strategy for its private clients in Japan which raised US$1 billion on day one and has since grown to almost […]

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BNY Mellon Wealth Management has promoted internally for its vacant head of Greater China role after former head, Chuck Long, was made regional president out of Los Angeles. Yolande Escher has been chosen to take over as head of Greater China, based in Hong Kong.  She reports to Jeroen Kwist, head of international wealth management, and is tasked with growing BNY […]

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This is a sponsored article from BNY Mellon. SUMMARY We believe that the following strategies will be important to enable investors to protect themselves against rising interest rates: A global approach, rather than a regional bias Focus on short-dated and callable securities, where fundamental analysis supports the belief that there is a strong incentive for management to refinance Underweight longer […]

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This is a sponsored article from BNY Mellon Investment Management. BNY Mellon Investment Management (BNY Mellon IM), the world’s largest multi-boutique asset manager, has set its sights on Asia Pacific’s private wealth market and will prioritise distribution through both global and local private banks in 2018 to meet growing demand from the region’s high net worth investors for its solutions. […]

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BNY Mellon Investment Management has received approvals from the Shanghai Administration for Industry and Commerce for the manufacture and distribution of onshore private funds to Chinese high net worth investors. Regulatory approval is the final step needed to incorporate an investment management wholly foreign-owned enterprise (IM WFOE) in China, the bank said. “Establishing an IM WFOE will help improve connectivity […]

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BNY Mellon Investment Management has named a new Hong Kong head of its intermediary distribution business. Chris Tse joins the asset manager as head of intermediary distribution, Hong Kong, reporting to Nicolas Kopitsis, head of intermediary distribution, Asia Pacific ex-Japan. In his new role, Tse will focus on delivering BNY Mellon’s suite of investment solutions via its multi-boutique model to […]

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Despite being on the receiving end of generational wealth in the next decade, millennials do not get sufficient information on financial matters, which makes them an untapped market for private banks, noted a joint report by BNY Mellon and the University of Cambridge. When it comes to understanding key concepts such as compounding and tax-advantaged savings, millennials are behind the […]

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A heavy devaluation of Asian currencies – in the wake of Beijing’s surprise devaluing of the yuan – has little effect on asset prices, says the bank’s APAC managing director and investment strategist. “If you believe that China’s economy will bounce back due to better management and the (US Federal Reserve) would introduce a gradual rate hike, emerging markets as […]

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BNY Mellon Wealth Management plans to provide leveraging facilities in Asia in the future, says its wealth management Greater China head. The US firm has been offering services for accounts in Asia with as low as US$3 million in investible assets, and the new facilities will go toward supporting its portfolio managers, Chuck Long adds at a media roundtable this morning. It has […]

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BNY Mellon has published a report outlining its case for a period of strong GDP growth for the US, India, China and Japan, which it has termed the “G4”. The report, Undiminished Expectations, authored by Simon Cox, managing director and investment strategist at BNY Mellon Investment Management, Asia Pacific, predicts five years of strong growth for these economies, and examines […]

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