CHINA/UNITED ARAB EMIRATES - The Bank of New York Mellon has launched a sovereign advisory board targeting sovereign pension plans, wealth funds, central banks and sovereign owned entities.
BNY spokeswoman Louisa Bartoszek said the new unit will help sovereign investors access to all lines of BNY's businesses - asset management, asset servicing, issuer services, clearing and treasury services....
Multi-asset managers are increasing their cash holdings amid fears of a Greek exit from the eurozone.
Plunging equity markets have wiped out all gains made by pension schemes from balanced pooled funds in the last year, BNY Mellon figures show.
ASIA - Asia ex-Japan and Australian assets are set to double by 2015, reaching $4tr, according to a recent study by Cerulli Associates.
ASIA - Asian institutional investors outside of Japan are looking to boost returns by investing more heavily in liquid alternatives, high yield debt and emerging markets while Japanese investors are looking for non-domestic opportunities, a new survey...
ASIA - Aviva Investors has appointed Patrick Chong as head of financial institutions business development - Asia Pacific.