BNY Mellon hires Oppenheimer’s Chan for Hong Kong wealth job

BNY Mellon hires Oppenheimer’s Chan for Hong Kong wealth job

29 December 2014
Category: News, Asia, Global, Hong Kong
By Asia Asset Management

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BNY Mellon’s wealth management unit has hired Oppenheimer Co executive Vivian Chan for a senior role at its Hong Kong office.

The US financial services firm said Ms. Chan would join as wealth director of business development in the territory, where she will be responsible for providing discretionary investment and wealth management services for high-net-worth-individuals (HNWIs) and families.

She will report to Chuck Long, head of Greater China, BNY Mellon Wealth Management. Ms. Chan arrives from Newport Beach-based Oppenheimer, where she was a director of investments in the wealth management space. She has 20 years of financial services experience; about a decade of which has been spent working with HNWIs.

BNY Mellon said it would be seeking to further expand its wealth management presence in Hong Kong with more new hires. “The firm plans to hire additional wealth directors, portfolio managers and other professionals as its client base grows,” Mr. Long said.

The company in October received regulatory approval to broaden its suite of wealth management services out of Hong Kong. A significant part of its business in the region is aimed at US citizens living overseas, who are under increasing scrutiny from their home authority in light of the introducing the US Foreign Account Tax Compliance Act (FATCA).

BNY Mellon Wealth Management is currently the seventh largest wealth manager in the US, with approximately US$187 billion in private client assets as of September 30.

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Sunday, December 28th, 2014 EN

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