BNY Mellon has acquired the wealth management business of Chicago-based Talon Asset Management. BNY made the deal in order to continue its expansion plans, as Talon has $800 million in assets under management.
"BNY Mellon Wealth Management had targeted Chicago as part of its national and global expansion strategy. This transaction marks a significant step in the company's growth in the region and will enable us to offer a whole new level of service to wealthy Chicago investors," says BNY Mellon
Anthony and James hit on a wide-range of topics, from Brexit in the UK, to the SGX-NSE fight in APAC, to the Supreme Court's decision on cellphone location data in the US.Subscribe to Weekly Wrap emails