BNY Mel­lon Tax and Reg­u­la­tory Client fo­rum held

The Pak Banker - - COMPANIES/BOSS - NEW YORK -AP

The third an­nual BNY Mel­lon Tax and Reg­u­la­tory Client fo­rum was held in New York.

The ma­jor top­ics dis­cussed by BNY Mel­lon and in­vited speak­ers were the eco­nomic and po­lit­i­cal land­scape, the evolv­ing tax and reg­u­la­tory en­vi­ron­ment and emerg­ing fi­nan­cial ser­vices in­dus­try trends.

The over­all con­sen­sus of the panel, was that the cur­rent en­vi­ron­ment is one of po­ten­tially re­view­ing and re­vis­ing the re­forms put in place post fi­nan­cial cri­sis. Be­low is a snap­shot of ma­jor panel themes, as mod­er­ated by Linda Piz­zuti, Global Prod­uct Man­ager Reg­u­la­tory Ini­tia­tives, BNY Mel­lon:

Di­rec­tor, Quant Anal­y­sis, BNY Mel­lon Wealth Man­age­ment Steve Kolano spoke about the evo­lu­tion of pol­i­tics and how it can po­ten­tially im­pact cap­i­tal mar­ket per­for­mance. "Post fi­nan­cial cri­sis and us­ing the S&P 500 as an ex­am­ple, the mar­kets are up 275%- at the core of that has been ac­com­moda­tive mon­e­tary pol­icy as a sup­port to as­set prices, and a sub­set of pol­icy is pol­i­tics." Adding, "To­day, you can't go to any part of the world with­out talk­ing about pol­i­tics, pol­icy and/or re­form. These themes are hav­ing a clear im­pact and are help­ing to in­flu­ence cu­mu­la­tive re­turns in the global mar­kets."

Mean­while, BNY Mel­lon was ap­pointed by First State In­vest­ments to pro­vide global cus­tody, fund ac­count­ing, trans­fer agency, trus­tee and de­posi­tary ser­vices for the First State In­vest­ments ICVC.

BNY Mel­lon is a global leader in in­vest­ment ser­vices and in­vest­ment man­age­ment. First State In­vest­ments is an in­ter­na­tional in­vest­ment man­age­ment busi­ness with over £127.5* bil­lion in as­sets man­aged on be­half of in­sti­tu­tional in­vestors, pen­sion funds, whole­sale dis­trib­u­tors, in­vest­ment plat­forms, fi­nan­cial ad­vis­ers and their clients world­wide.

Rachel Turner, Busi­ness Ex­ec­u­tive, BNY Mel­lon, said, "We are de­lighted to ex­tend our part­ner­ship with First State In­vest­ments and com­mit­ted to pro­vid­ing them with high qual­ity ser­vic­ing sup­port and help­ing them ex­e­cute their stated aim of pro­vid­ing the best pos­si­ble out­comes over the long term to their in­vestors."

SAN FRAN­CISCO -AP

Ama­zon CEO Jeff Be­zos seen at a tech con­fer­ence in Cal­i­for­nia USA.

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