BNP Paribas will seek to double its total revenue in the next five years by aggressively developing its derivatives clearing service for buy-side clients, its chief executive says.
As plans for an Asian investment passport gain momentum, Rachel Alembakis looks at how this would be initiated and the possible pitfalls associated with it
GLOBAL - BNY Mellon has launched a new Sovereign Institutions Group to cater for sovereign pension plans, wealth funds and central banks.
A growing number of US firms are reducing benefits offered to staff and looking to rebalance pension funding between employers and employees, research by BNY Mellon Asset Servicing shows.
Balanced pooled funds posted a positive return for October with a median of 1.8%, BNY Mellon Asset Servicing statistics reveal.
Start-up investment manager Carduus Capital has become the latest hedge fund investor to offer to refund part of its fees if it does not perform as institutional clients expect.
UK - Start-up investment manager Carduus Capital has become the latest hedge fund investor to offer to refund part of its fees if it does not perform as institutional clients expect.
BNY Mellon Asset Management has launched the Evolution Global Strategic Bond Fund.
SWEDEN/UK - Swedish pension fund Forsta AP-fonden (AP1) filed a lawsuit yesterday against BNY Mellon with the Commercial Court in London over $35.5m of losses.
US - Funded status of US pension plans increased to 80.3% at the end of October, BNY Mellon Asset Management finds.