BoNY's new digs in KL

Global securities services firm Bank of New York is expanding its presence in Asia with the opening of a representative office in Kuala Lumpur. The office will meet the increasingly complex needs of the bank's growing Malaysian client base, which includes the $63 billion Employee Provident Fund, by promoting a variety of products and services, including depositary receipts, custody, transition management, commission recapture, global payments, funds transfer, trade services, execution and clearing. It will not be a deposit-taking or banking office.