NEW YORK and LONDON, Oct. 23, 2014 /PRNewswire/ -- BNY Mellon* Wealth Management has received regulatory approval in Hong Kong to launch comprehensive discretionary investment and wealth management services to high net worth individual investors.

BNY Mellon Wealth Management will bring a wide range of solutions-based services including strategic asset allocation, access to world-class investment management services provided by the corporation's robust multi-boutique structure, and active, personalized client discretionary portfolio management.

BNY Mellon is one of the largest wealth managers in the world with more than U.S. $187 billion in private client assets, as of September 30, 2014. BNY Mellon was created by the 2007 merger of the 138-year-old Mellon Financial and the Bank of New York, which was founded in 1784 and is the oldest trust bank in the U.S. It has served clients in Asia for nearly a century.

The launch signifies a marked expansion of BNY Mellon's Asia-Pacific wealth management presence serving Asian families as well as U.S. citizens. Unlike typical money management services that are more transactional in approach, BNY Mellon differentiates itself by taking a longer and broader view of serving clients' overall wealth and investment planning needs.

"Our expansion provides greater access to comprehensive wealth and investment planning services to the high-net worth market," said Larry Hughes, chief executive officer of BNY Mellon Wealth Management. "With the broad and deep capabilities of one of the world's leading investments companies, BNY Mellon offers holistic, solutions-based wealth management. Our focus on discretionary investment management, rather than transactional services, is integral to our comprehensive approach and differentiates us in the market."

"We continue to make significant investments in both our core businesses of investment management and investment services in Asia-Pacific," said Alan Harden, CEO of BNY Mellon Investment Management in Asia-Pacific. "Expanding on-the-ground wealth management services is a prime example of this long term commitment to the region. The Bank of New York Mellon is leveraging the trend of unprecedented wealth growth rates in the Asia-Pacific region by drawing from our broad global expertise to deliver wealth and investment planning solutions locally."

The Bank of New York Mellon is a wholly-owned subsidiary of The Bank of New York Mellon Corporation ("BNY Mellon" and NYSE symbol: BK).

*Through the legal entity of The Bank of New York Mellon, Hong Kong Branch.

About BNY Mellon:

BNY Mellon Wealth Management is a leading wealth manager, and was named in 2014 by Family Wealth Report as the top U.S. Private Bank and the top Private Bank serving Family Offices. Barron's ranked it the 7(th) largest U.S. wealth manager in 2014. The firm has more than two centuries of experience in providing services to clients who today include financially successful individuals and families, their family offices and business enterprises, planned giving programs, and endowments and foundations. It has $187 billion in private client assets, as of Sept. 30, 2014, and an extensive network of offices in the U.S. and internationally. BNY Mellon Wealth Management, which provides investment management, custody, wealth and estate planning and private banking services, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation. For more information go to bnymellonwealthmanagement.com or follow us on Twitter @BNYMellonWealth.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of Sept. 30, 2014, BNY Mellon had $28.3 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.

BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.6 trillion in assets under management as at June 30, 2014. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellon.com

All information source BNY Mellon as of September 30, 2014. This press release is qualified for issuance in the UK, Europe and US and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. Any views and opinions contained in this document are those of the investment manager, unless otherwise noted. This press release is issued by BNY Mellon Investment Management (US) and BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA) to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and can fall as well as rise due to stock market and currency movements. When you sell your investment you may get back less than you originally invested. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. Registered office of BNYMIM EMEA: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorized and regulated by the Financial Conduct Authority. A BNY Mellon Company.

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    Contact: Susan Rivers                Joanna Pope

             +1 617-722-7193                                      +44 (0) 207 163 2744

             susan.rivers@bnymellon.com Joanna.pope@bnymellon.com

SOURCE BNY Mellon Wealth Management