SEOUL and HONG KONG, August 21, 2013 — BNY Mellon, the global leader in investment management and investment services, has appointed Eugene Bang as Head of its Korean investment management business. Based in Seoul, Bang reports into Alan Harden, Chief Executive Officer for BNY Mellon’s APAC investment management business.
Bang is responsible for managing the company’s Korean local investment management operation, including consulting and liaison with regulatory and industry participants, conducting market research and analysis and assessing potential opportunities and initiatives in the Korean market.
BNY Mellon’s Harden said: “Eugene’s local expertise and strong investor relationships will be a tremendous asset to our team as we continue to build out a world-class investment management business focused on the needs of Asian investors.”
Bang has over 13 years’ wholesale and institutional experience and joins BNY Mellon from Deutsche Asset Management Korea Ltd where he was a Director and Country Manager of DWS (Deutsche Asset Management’s mutual funds business) from June 2010 until earlier this year. Prior to this he worked at Fidelity Investment Korea Ltd for nine years, during which time he held a number of senior positions including Head of Wholesale (2001-2010) and Head of Institutional Sales (2001-2004).
BNY Mellon has been active in Korea for over 25 years and today provides a wide variety of products and services to Korean institutions through its Seoul branch including asset servicing, depositary receipts, treasury services, corporate trust and foreign exchange services. BNY Mellon established an investment management representative office in Seoul in 2006 and was granted a Discretionary Investment Management (DIM) license by Korea’s Financial Services Commission (FSC) in 2010.
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.4 trillion in assets under management as at 30 June 2013. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellon.com
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of June 30, 2013, BNY Mellon had $26.2 trillion in assets under custody and/or administration, and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.
This press release is qualified for issuance in Korea and Hong Kong and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorised. This press release is issued by BNY Mellon AM Korea Limited and BNY Mellon Investment Management Hong Kong Limited. Principal place of business of BNY Mellon AM Korea Limited: 29F, One IFC, 10 Gukjegeumyung-ro, Youngdeungpo-gu, Seoul 150-945, Korea. Authorised and regulated by Korea’s Financial Services Commission (FSC). Principal place of business of BNY Mellon Investment Management Hong Kong Limited: Level 18, Three Pacific Place, 1 Queen’s Road East, Hong Kong. Authorised and regulated by the Securities and Futures Commission