UK/US - The Bank of New York Mellon will acquire Insight Investment Management from Lloyds Banking Group for £235m (US$387.2m) and aims to make the UK-focused firm a more international player.
BNY Mellon will acquire approximately £80bn of assets from Insight's external fund management operations as Lloyds moves to restructure its asset management business. Lloyds said it intends to ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
