BNY Mellon IM shuts SMA platform, lays off staff

The firm has shelved its separately managed account unit for wealthy people in Asia and let up to 50 staff go in Hong Kong and Singapore, AsianInvestor understands.


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How will you alter your portfolio after the US election result?





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Underweight US
  19%
 
Overweight US
  34%
 
Underweight EMs
  6%
 
Raise cash levels
  27%
 
No change
  13%
TOTAL VOTES: 62
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November 2016 Magazine
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