Together we thrive 2018 HIGHLIGHTS ASIA PACIFIC ASSET SERVICING

Transcription

1 Together we thrive 2018 HIGHLIGHTS ASIA PACIFIC ASSET SERVICING

2

3 A Time to Reflect and Look Ahead Looking back, 2018 has been an eventful year with technology setting the pace of change in the industry. We strive to understand your needs and are focused on delivering services to help you navigate the rapidly evolving operating environment. This year, we brought thought leadership closer to you, gathering subject matter experts and industry leaders to share invaluable insights on key trends, challenges and opportunities that are relevant to your business landscape. We provided enhanced service solutions, cognitive platforms and global expertise, to power your success and resiliency throughout the investment lifecycle. We look forward to serving your needs and be your trusted partner in 2019, and beyond, providing you with a holistic suite of investment services and helping your business reach greater heights. Warmest Wishes, Rohan Singh Head of Asset Servicing, Asia Pacific BNY Mellon Together We Thrive 1

4 Experience is the parent of wisdom Alexander Hamilton One of the Founding Fathers of the United States Founder of The Bank of New York (now BNY Mellon) 2 Together We Thrive

5 Turning Insights into Opportunities With the investment landscape developing at unprecedented speed, clients have to embrace change to make the most of emerging opportunities and distinguish themselves from competitors. This means ensuring innovation and transformation are not just buzzwords, but concepts firmly embedded in the enterprise. Together We Thrive 3

6 Discover Market Trends BNY Mellon partners with you to unveil opportunities, key trends and challenges that shape the investment landscape of tomorrow. A Shift to Alternatives Greater Gateway to China Data as an Asset Environmental, Social and Governance (ESG) Passive Investing: Exchange Traded Funds (ETF) What Keeps C-Suites Awake at Night Greater Gateway to India Evolutionary Change with Technology Digitalization of Finance Custody Tax and Regulation 4 Together We Thrive Click the icon to learn more.

7 China Access Schemes at a Glance Perspectives and Implications of Stock Connect Stock Connect: The Road Ahead Decoding the Full Potential of Renminbi Qualified Foreign Institutional Investor (RQFII) Together We Thrive 5

8 6 Together We Thrive Expert Voices from BNY Mellon and Industry Leaders

9 Bringing Thought Leadership Closer to You Delivered Unparalleled Perspectives through Thought Leadership - Our Asia Pacific Client Leadership Summits gathered the sharpest minds and most innovative thinkers in the industry to provide thought provoking insights to clients - Explored global and local pressing topics shaping the future of finance - Deep dived into issues that resonated with clients Engaged Clients with the Latest Market Pulse - Clients are kept up-to-date with the latest market trends and developments through our periodic webcasts and blogs - Partnered with industry leaders and subject matter experts to share views on key challenges and opportunities impacting the marketplace - Clients leveraged on our research and insights to make business decisions 10+ Compelling topics on Asia Pacific 5 Client Leadership Summits in key markets 85+ Subject matter experts shared insights on Asia Pacific With a global network and proven expertise in turning insights into action, BNY Mellon is well positioned to continue helping institutional investors navigate the rapidly evolving operating environment and turn these changes into market opportunities that will power future success. Rohan Singh Head of Asset Servicing, Asia Pacific BNY Mellon Together We Thrive 7

10 Technology Disruption. Digital Transformation. Technological innovation is setting the pace of change for asset servicing. Digital technology can improve efficiency, reduce settlement cycles, enable real-time information sharing and analysis, increase system resiliency and enhance client service. Hani Kablawi CEO, Global Asset Servicing BNY Mellon In today s fast-evolving markets, technology and digital innovation are key to shape your business models into one that is responsive to new market realities. In response to your needs for new capabilities and as existing products mature and become commoditized, BNY Mellon continuously upgrades and innovates to find solutions in order to stay agile and relevant to you in the long term. Your Key Priorities - Advancing digital investment and services platforms - Leading innovations in technology that enable revenue growth - Operating with stability and resiliency Our Investment in Technology US$2.4 billion-and-growing budget 13,000+ technologists globally 8 Together We Thrive

11 Streamline Investment Process Optimize Performance Enhance Client Experience Improve Efficiency and Transparency Seamlessly integrate data from one custody system directly into client s application with Application Programming Interfaces (APIs). Turn massive amounts of data into actionable metrics with our dashboard. Clients rely on this tool to monitor key performance indicators and make data-driven decisions via an easy-to-read scorecard. Collaborating with clients and industry partners like Deutsche Bank, we work to deliver faster status information flow with the use of the latest technology like chatbots. Inefficiencies across a number of manual, paper-intensive processes that involve multiple participants can be addressed through blockchain. Custody APIs: Use case: Use case: Use case: - Cash Management - Safekeeping - Corporate Events Management C-suite dashboard using custody data to provide high level portfolio information to senior management at their fingertips. Real-time communication solution to answer clients trade settlement enquiries for the Hong Kong market. Built a backup solution to one of our core processes for the settlement of US government bonds. This use case has now turned into an additional business continuity option. Together We Thrive 9

12 As processing times shorten and asset mobility increases, institutional clients will require bespoke tools and services that provide greater visibility and transparency across the entire post-trade value chain on a timely and responsive basis. Custodians must improve how they provide information, intelligence and insight via the most convenient and timely channels, supporting long-term asset and business growth. Tom Casteleyn Global Head of Custody Product Management BNY Mellon 10 Together We Thrive

13 Servicing You Well Beyond Custody Product Innovation We believe that custodians should deliver more than just custody. With our scale and role within the financial system, technology risk management is a salient priority and we offer solutions to enhance your performance across the investment lifecycle. In 2018, BNY Mellon rolled out new solutions to safeguard against multiple risks, refining overall view of performance, and enabling broader market accessibility. BNY Mellon Risk View Platform Comprehensive, forward looking risk measurement solutions. Prime Custody Plus Services Our enhanced custody solutions offer end-to-end capabilities including custody, financing and capital markets services. Greater Gateway to China Offers foreign investors comprehensive and robust service solutions in accessing China domestic market. - Special Segregated Account Plus (SPSA+) Pershing Model - Bond Connect CNH (offshore yuan) Foreign Exchange (FX) Standing Instruction capability Corporate Action Enhancement Provides preliminary corporate action market announcements for Asia Pacific markets (up to 10 days earlier). Improvement of client response time from 48 hours to 24 hours. Eagle Managed Services SM Combine operational experience, technology expertise and attentive relationship management to provide clients with investment data that is organized and ready for use. Tax Analysis and Data Solutions Streamline the tax reporting process and help clients to accommodate future legislative changes. Model scenarios around capital gains tax exposure and provide after-tax benchmarking capabilities. - Tri-party arrangement for Stock Connect securities Together We Thrive 11

14 BNY Mellon: Your Trusted Partner for Business Success We have achieved many firsts and successes together in New Key Relationships NTUC Income Cooperative The largest insurer in Singapore National Pension Service of Korea The world s third largest pension fund ADM Capital A Hong Kong headquartered private credit manager; ESG is a key part of their investment mandate 12 Together We Thrive

15 We conducted an extensive review of different fund administration providers and we chose BNY Mellon because they are able to supplement their market-leading fund administration capabilities with the other value-added securities services, trading and banking services we were seeking for our private credit strategy. Alex Shaik Partner ADM Capital We are quickly realising the benefits of using Eagle. In addition to improving the integrity of our data and instilling more flexibility in our performance reporting function, we have achieved greater efficiency and the ability to support the growth of our alternative assets business. We are also now able to automate a number of complex calculations that were previously handled manually using spreadsheets. Mark McDonald Executive Director QIC Limited With the new platform, we can improve operational efficiency and ensure greater data integrity as we scale our operations and deepen our front office analytics. Mark Konyn Chief Investment Officer AIA Group Limited Bank Consortium Trust Company Limited use BNY Mellon as our global sub-custodian since We are happy with the services provided, especially their clientcentric culture and openness to improvement suggestion. BNY Mellon is always there when we need help and they will go an extra mile to give us support and deliver what they promise within a very tight timeline. Rachel Tsang Chief Operating Officer Bank Consortium Trust Company Limited Together We Thrive 13

16 Industry Accolades Global Custodian of the Year CENTRAL BANKING AWARDS 2018 Best Custodian House Best Technology Provider INSURANCEASIA NEWS INSTITUTIONAL ASSET MANAGEMENT AWARDS Best Global Custodian - International Clients THE ASSET TRIPLE A AWARDS 2018 Best Client Servicing Asian Operations & Technology Provider of the Year ASIA ASSET MANAGEMENT BEST OF THE BEST AWARDS Together We Thrive

17 Business Firsts In partnership with BNY Mellon, our client connected to Bond Connect Pilot scheme on Day 1 Facilitates 1 st UCITS Funds Using BNY Mellon Stock Connect SPSA+ multi broker model Collaboration with Microsoft To create a new cloud-based data management platform 1 st Asia Pacific client Went live using BNY Mellon s corporate events management API in June st and Only Tri-Party Agent Providing collateral services to support Hong Kong Stock Connect assets Chatbots A joint collaboration between BNY Mellon and Deutsche Bank in June Chatbots provide real-time answers to clients' trade settlement enquiries. Big data, distributed ledger, artificial intelligence, cloud and mobile technologies, cryptocurrencies these are no longer buzzwords alluding to some beckoning future. They are digital tools that we re using today and they are transforming the entire structure of our business. And we believe that the connection to our clients is the essential element which must always be borne in mind. Together David Cruikshank Asia Pacific Chairman, BNY Mellon We Thrive 15

18 Contact Us Eric Chng Head of Business Development Asia Pacific Asset Servicing Killian Hussey Business Development Asia Pacific Alternative Investment Services Koji Ikeda Business Development Japan Asset Servicing Carin Looi Head of Asset Servicing South Asia John Sin Head of Asset Servicing Greater China Jung In Kang (JI) Head of Asset Servicing Korea Kotaro Sasaki Head of Asset Servicing Japan Together We Thrive

19 BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may be used as a generic term to reference the corporation as a whole and/or its various subsidiaries generally. This material and any products and services may be issued or provided under various brand names in various countries by duly authorised and regulated subsidiaries, affiliates, and joint ventures of BNY Mellon, which may include any of the following. The Bank of New York Mellon, at 240 Greenwich Street, NY, NY USA, a banking corporation organised pursuant to the laws of the State of New York, and operating in England through its branch at One Canada Square, London E14 5AL, registered in England and Wales with numbers FC and BR The Bank of New York Mellon is supervised and regulated by the New York State Department of Financial Services and the US Federal Reserve and authorised by the Prudential Regulation Authority. The Bank of New York Mellon, London Branch is subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. The Bank of New York Mellon SA/NV, a Belgian public limited liability company, with company number , whose registered office is at 46 Rue Montoyerstraat, B-1000 Brussels, authorised and regulated as a significant credit institution by the European Central Bank (ECB), under the prudential supervision of the National Bank of Belgium (NBB) and under the supervision of the Belgian Financial Services and Markets Authority (FSMA) for conduct of business rules, a subsidiary of The Bank of New York Mellon, and operating in England through its branch at 160 Queen Victoria Street, London EC4V 4LA, registered in England and Wales with numbers FC and BR The Bank of New York Mellon SA/NV (London Branch) is authorised by the ECB and subject to limited regulation by the Financial Conduct Authority and the Prudential Regulation Authority. Details about the extent of our regulation by the Financial Conduct Authority and Prudential Regulation Authority are available from us on request. The Bank of New York Mellon SA/NV, operating in Ireland through its branch at Riverside 2, Sir John Rogerson s Quay, Grand Canal Dock, Dublin 2, D02 KV60, Ireland, trading as The Bank of New York Mellon SA/NV, Dublin Branch, which is authorized by the ECB, regulated by the Central Bank of Ireland for conduct of business rules and registered with the Companies Registration Office in Ireland No & with VAT No. IE E. If this material is distributed in or from, the Dubai International Financial Centre (DIFC), it is communicated by The Bank of New York Mellon, DIFC Branch, (the DIFC Branch ) on behalf of BNY Mellon (as defined above). This material is intended for Professional Clients and Market Counterparties only and no other person should act upon it. The DIFC Branch is regulated by the DFSA and is located at DIFC, The Exchange Building 5 North, Level 6, Room 601, P.O. Box , Dubai, UAE. BNY Mellon also includes The Bank of New York Mellon which has various subsidiaries, affiliates, branches and representative offices in the Asia-Pacific Region which are subject to regulation by the relevant local regulator in that jurisdiction. Details about the extent of our regulation and applicable regulators in the Asia-Pacific Region are available from us on request. Not all products and services are offered in all countries. The material contained in this document, which may be considered advertising, is for general information and reference purposes only and is not intended to provide legal, tax, accounting, investment, financial or other professional advice on any matter, and is not to be used as such. The contents may not be comprehensive or up-to-date, and BNY Mellon will not be responsible for updating any information contained within this document. If distributed in the UK or EMEA, this document is a financial promotion. This document and the statements contained herein, are not an offer or solicitation to buy or sell any products (including financial products) or services or to participate in any particular strategy mentioned and should not be construed as such. This document is not intended for distribution to, or use by, any person or entity in any jurisdiction or country in which such distribution or use would be contrary to local law or regulation. Similarly, this document may not be distributed or used for the purpose of offers or solicitations in any jurisdiction or in any circumstances in which such offers or solicitations are unlawful or not authorised, or where there would be, by virtue of such distribution, new or additional registration requirements. Persons into whose possession this document comes are required to inform themselves about and to observe any restrictions that apply to the distribution of this document in their jurisdiction. The information contained in this document is for use by wholesale clients only and is not to be relied upon by retail clients. Trademarks, service marks and logos belong to their respective owners. BNY Mellon assumes no liability whatsoever for any action taken in reliance on the information contained in this material, or for direct or indirect damages or losses resulting from use of this material, its content, or services. Any unauthorised use of material contained herein is at the user s own risk. Reproduction, distribution, republication and retransmission of material contained herein is prohibited without the prior consent of BNY Mellon The Bank of New York Mellon Corporation. All rights reserved. 11/2018

20 Thank You for your continuous support and partnership BNY Mellon understands your strategic goals and is here to partner with you in every stage of your investment lifecycle. Your trusted partner!