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BNY Mellon IM shuts SMA platform, lays off staff

Leigh Powell
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.
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.

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