BNY Mellon plans to grow asset-management business

06/4/2009 | Bloomberg

Bank of New York Mellon Corp. Chief Executive Officer Robert Kelly said the company planned to expand its asset-management business with acquisitions. "What we're interested in is products that we don't have today," Mr. Kelly said. Last month, BNY Mellon was reportedly in talks to acquire Barclays Global Investors, the fund unit of Barclays Plc.

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