NEW YORK, Oct. 12 /PRNewswire-FirstCall/ -- BNY Mellon, the global leader in asset management and securities servicing, is hosting a series of events at six Asian locations this month during which senior currency strategist Samarjit Shankar will update clients on research findings based on BNY Mellon's proprietary iFlow(SM) global capital flows data.
The latest IMF Global Financial Stability Report released this week features a comprehensive analysis of global capital flows based on iFlow(SM) data. Having found positive and significant correlations between iFlow(SM) and flows recorded in official balance of payments data for the majority of countries globally, the IMF study discusses the ongoing reallocation of investment assets toward emerging markets and away from mature economies. The report also cites iFlow(SM) research demonstrating a self-reinforcing cycle between flows and returns with important implications for financial stability.
"Providing our clients with insights into the foreign exchange implications of global capital flows is an important aspect of our research program," said Richard F. Mahoney, BNY Mellon executive vice president and head of global and capital markets. "Given the impact of recent economic events on capital flows into the emerging markets, this is an especially good time for us to be sharing our insights with clients in Asia Pacific."
A service of BNY Mellon Global Markets. iFlow(SM) provides clients with a daily update on capital flows globally across bonds, equities and currencies. The service includes access to a simple, easy-to-use Web-based tool that provides timely illustrations of capital flows based on analyses of the more than $22 trillion in assets under custody and administration at BNY Mellon.
A managing director and member of BNY Mellon's award-winning foreign exchange research team, Samarjit Shankar focuses on iFlow(SM) and global flows analysis. An honors graduate of Delhi University, Shankar holds an MBA from the Indian Institute of Management in Ahmedabad, and has conducted research at the London School of Economics. Prior to joining BNY Mellon he held senior global markets positions with JPMorgan Chase, State Street and Barclays. His upcoming meetings with policymakers and clients in Tokyo, Seoul, Shanghai, Beijing, Singapore and Hong Kong follows a visit earlier this year to eight Asian cities.
BNY Mellon Global Markets includes the Foreign Exchange and Derivatives business of The Bank of New York Mellon together with the securities business of BNY Mellon Capital Markets, LLC, a SEC registered broker dealer.* These businesses provide products for corporate, institutional and high net worth investors to access liquidity, identify and execute investment and hedging strategies as well as manage risk. In Asia-Pacific, BNY Mellon has trading rooms in Hong Kong, Seoul, Taipei and Tokyo offering and trading foreign exchange, money markets, foreign exchange derivatives and interest rate derivatives. In combination with FX desks in New York, Boston, Pittsburgh, London and Brussels, BNY Mellon Global Markets has access to more than 100 currency markets, and is recognized by industry publications as a global leader in FX research and FX technology. Additional information is available at http://gm.bnymellon.com.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.
* BNY Mellon Capital Markets, LLC is an indirect-wholly-owned subsidiary of The Bank of New York Mellon Corporation and a member of FINRA and SIPC.
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