BNY Mellon

Balanced pooled funds recorded a negative month on month median return of -4.5% last month, BNY Mellon Asset Servicing results show.

South Korea - BNY Mellon Asset Management is to offer discretionary management services in Korea after receiving approval from the country's Financial Services Commission.

GLOBAL - Mellon Transition Management managing director for Europe, the Middle East and Africa Tim Wilkinson has decided to leave the company to pursue other interests.

Mellon Transition Management managing director for Europe, the Middle East and Africa Tim Wilkinson has decided to leave the company to pursue other interests.

CHINA/UK - China's National Council for Social Security Fund (NCSSF) has awarded an active European equity mandate to Newton, a BNY Mellon Asset Management unit.

US - New York state attorney general Andrew Cuomo sued Bank of New York Mellon's investment advisory unit Ivy Asset Management for allegedly misleading clients about investments tied to Bernard Madoff.

US - Fidelity Investments has reworked its top ranks and brought in BNY Mellon Asset Management president and chief executive Ronald O'Hanley to lead its asset management business while expanding Abigail Johnson's role to oversee distribution.

Balanced pooled funds started 2010 with a positive return of 6.6% in the first quarter, statistics from BNY Mellon Asset Servicing's quarterly pooled fund survey show.

Exchange trading of stock loans promises to inject a needed dose of transparency and liquidity into the securities lending business. Kris Devasabai reports on the latest developments

The average UK pension fund achieved a weighted average return of 14.4% for the year ending December 31, last year, latest BNY Mellon Asset Servicing figures reveal.