Wealth and Asset Management
BNY Mellon IM shuts SMA platform, lays off staff
BNY Mellon Investment Management has shut down its separately managed account (SMA) platform and laid off up to 50 staff in Asia, sources have told AsianInvestor. The closure represents an embarrassing loss of face for the firm and its AsiaPacific chief executive Alan Harden,who has been hellbent on hiring to…
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