Summary
NEW YORK (Reuters) - Bank of New York Mellon's wealth management arm said on Thursday [April 28] that it will buy a Chicago investment manager with $800 million in assets - the latest in a series of deals to expand the bank's presence across the United States and Canada.
BNY Mellon reached a deal to buy Talon Asset Management's wealth management business, giving a company that is strong in the Northeast its first office in the Chicago area. Talon manages money for individuals with more than $1 million to invest, nonprofits and foundations.See the full content of this document
Extract
Bny Mellon to Buy Chicago Money Manager Talon
Financial terms were not disclosed, and the sale is expected t...
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