BNY Mellon IM's Asia retail appetite doubted
The future of the firm's Asia retail business has been questioned after senior departures. Sources cite rising costs and tightening regulatory requirements as contributory factors.
BNY Mellon Investment Management is believed to be considering the future of its retail business in Asia after seeing departures from its mutual funds operation and carrying out a restructuring.
Sources have told AsianInvestor the firm is looking to exit retail distribution in the region. Currently the firm manages $102 billion in Asia, of which two-thirds comes from institutional business.
Certainly the landscape has changed dramatically since Alan Harden, BNY Mellon IM's Asia-…
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