China focus: BNY Mellon says RMB’s role in trade to increase

In its 240th year the bank has created the brand BNY, with divisions to be renamed BNY Investments, BNY Wealth and BNY Pershing.

Kunio Watanabe, most recently executive chairman of Nomura Holding America, has become BNY Mellon's Japan country executive and representative for its Tokyo Branch.

Europe’s T+1 transition requires more preparation from financial firms, including infrastructure. Senior directors from BNP Paribas, Capco and DTCC explained why to FA, and how Asia has been adapting to the US transition.

The Bank of New York Mellon poaches Richard Brown from Bank of America to head its Asian payments and trade services business.

The aim is to help firms comply with US withholding tax requirements on foreign persons and entities, as the total issuance for dim sum bonds in 2023 tallied $76 billion in Hong Kong.

Growing protectionist sentiments are hanging heavily on the shoulders of the world’s traders.