BNY Mellon Awarded Capital Markets Services Licence in Singapore

BNY Mellon has been awarded a Capital Markets Services licence by the Monetary Authority of Singapore for its new dedicated Singapore-based subsidiary* to provide fund management services in Singapore.  The licence was approved on 11, November 2013. With the new licence, the Singapore subsidiary, BNY Mellon Investment Management Singapore Pte. Limited,  will be able to conduct a full range of investment management activities, including research, portfolio management, marketing and sales of collective investment schemes.  BNY Mellon Investment Management has been offering global investment solutions to institutional investors in the region through its investment boutiques, each with their own independent investment philosophy and strategy.  The new licence will help the company expand its existing institutional business in Singapore and strengthen its presence in Southeast Asia.  It will also enable the company to start building local manufacturing capabilities.     Wendy Lim, Managing Director and Regional Head of Business Development and Marketing for BNY Mellon Investment Management Asia-Pacific, assumes the role of Chief Executive Officer for the new Singapore-based company.  She will continue to report to Alan Harden, Chief Executive Officer for