BNY Mellon grows in APAC terms

Clearstream and Euroclear have appointed BNY Mellon to provide sub-depositary services in Asia Pacific (APAC). This will allow APAC-issued global notes to be deposited locally in Hong Kong with BNY Mellon.

Gary Lew, head of Corporate Trust in Asia Pacific for BNY Mellon, said the decision to expand this service is designed to meet the growing demand for bond and note issuances in the APAC region.

With bond issuance volumes in Asia continuing to rise, BNY Mellon continues to be invested in the development of its resources and technologies to broaden its offering in this area, he said.