BNY Mellon to Acquire Talon Asset Management

April 29, 2011

On April 28, 2011, Reuters.com reported that Bank of New York Mellon Corp’s wealth management unit has agreed to buy Chicago-based Talon Asset Management’s wealth management business.


On April 28, 2011, Reuters.com reported that Bank of New York Mellon Corp’s wealth management unit has agreed to buy Chicago-based Talon Asset Management’s wealth management business.  Talon has approximately $800 million in assets under management.  BNY Mellon has approximately $171 billion in client assets.  Financial terms of the transaction, which is expected to close in the second quarter, were not disclosed.

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Categories

Investment Manager M&A, Transactions