This year’s top 10 stories included a peek into AustralianSuper’s international equities build out in London, AMP’s move to slash employee benefits, and plenty of hard-hitting analysis of the issues that matter in institutional investment. But the real story is how readers helped shape all of that coverage.
Orbis’ Stuart Place is riding from Melbourne to the Moon and Back to fund a treatment for the “monster of a disease” that his youngest son was born with. The investment industry is rallying behind him.
Chong departs as head of APAC for BNY Mellon
Chong Jin Leow, the head of BNY Mellon’s Asia Pacific asset servicing business, who was also appointed Singapore country executive only last year, quietly left the company in late March. BNY Mellon is tightlipped about the circumstances of his departure and any plans for the region’s future leadership.
Leow, an experienced custody and securities services executive who was well respected by colleagues and competitors, was unavailable to comment for this report.He won the “custodian banker of the year” award from the magazine ‘Asian Investor’ in 2009.
After confirming his departure, a BNY Mellon spokesperson in London said last Friday: “Our Asian asset servicing business is one of the fastest growing businesses in the company and as a result we need to think carefully about how we replace Chong. Until a replacement is found, Chong’s management team will report to Steve Lackey, Asia-Pacific chairman of BNY Mellon.”
The spokesperson said Singapore-based Michael Chan remained the head of sales and business development for asset servicing in the region.
