Why did bny and mellon merger

Location Mergr. Company Summary. Search 4. Company About Contact LinkedIn. Legal Terms Privacy. New York, New York. Milestone Group is an institutional fintech firm serving the investment industry and is recognized globally as the architect of a new class of digital enterprise and industry level solutions based on its pControl investment platform. Additional information is available on www.

Follow us on LinkedIn milestonegroup or visit our newsroom at www. About BNY Mellon. In a conference call with reporters, Renyi termed the deal "a transformational merger" and noted that it came amid signs of increased consolidation in the asset management business. He said the combined company would be the largest securities servicing firm in the world and among the top four asset managers in the United States.

Kelly said the new company would take advantages of the different strengths of the two institutions. Still, Kelly said, "there will be expense synergies and opportunities for saving money going forward. He said that the combined company's cash management and stock transfer operations would remain in Pittsburgh.

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