BNY comes to Poland

It will be the first subsidiary of the financial giant in Poland.

"I confirm that we filed an official application to KPWiG for starting investment activities," Marcin Podobas, head of BNY National Trust told Puls Biznesu.

The American financial giant is reluctant to give details of its plans for the Polish market, but the main area of interest of BNY in the US is alternative funds with a focus on closed real estate and hedge funds. It is predicted that BNY's operations in Poland will be centered around the two specializations, even more so as Marcin Podobas, appointed as the head of BNY in Poland, has previously cooperated with companies investing in real estate, such as Tishman Polska.