BNY Mellon's Certosimo keen on Asia, Fed tapering

Art Certosimo, senior executive vice-president and CEO of BNY Mellon’s global markets business, tells FinanceAsia that his Asia expansion needs a bit of help from the US Fed.
November 16, 2013

Art Certosimo, senior executive vice-president and chief executive of BNY Mellon’s global markets business, has been on a whistle-stop tour of Asia amid a regional expansion drive.

The US custodian bank this week announced it was adding a capital markets desk in Tokyo and has just received a licence to provide investment management services in Singapore.

In an interview with FinanceAsia, New York-based Certosimo spoke about the US bank’s plans in Asia, as well as the outlook for US monetary policy and internationalisation of the renminbi.

BNY Mellon’s global markets business contributes 10%-15% of the bank's total profit and Certosimo wants to...

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