Mellon gets foothold in Australia

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AUSTRALIA/UK - Mellon Financial Corporation has sealed an agreement with Australia's NSP Buck to acquire its remaining 70% holding in the employee benefits company for an undisclosed amount.

NSP Buck is Australia's second largest such firm with A$14bn assets under management. The firm has more than 500 staff, based mainly in Sydney and Melbourne, with over 450 corporate clients includi...

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