BNY Mellon is set to launch wealth management services in Hong Kong in order to meet the growing demand from high-net-worth investors in the region.
The bank will leverage its presence in the Asia-Pacific region to provide individual investors with a range of solutions, including strategic asset allocation, investment management services provided by the firm’s multi-boutique structure, as well as client discretionary portfolio management.
The expansion is part of BNY Mellon’s strategy to develop its wealth management presence in the region.
"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 are 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."
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