Retail Banking News Updates, June 20th 2012

Marks & Spencer enter UK banking
UK-based clothing retailer Marks and Spencer plans to open 50 bank branches in its stores. The first branch will be opened in July at the retailer’s flagship Marble Arch outlet as part of a joint venture with HSBC. The M&S Bank will allow customers to open new checking accounts.  

BNP Paribas Bank Polska offers new private banking services
BNP Paribas Bank Polska has launched investment advisory services aimed at the Polish market. The newly-launched private banking services also offers wealth planning and support in tax planning services realized by external entities. All services combine
the knowledge of private banking advisers, tax advisers as well as brokers and investment advisers.

BNY Mellon names director of investment strategy for wealth management unit
BNY Mellon has appointed Jeffrey Mortimer from Bainco International Investors as director of investment strategy for its wealth management unit, where he will be responsible for the bank’s investment strategy committee, asset allocations and investment recommendations for client portfolios. Mortimer will report to Leo Grohowski, chief investment officer of the bank’s wealth unit.

Re-disseminated by The Asian Banker