Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:BNY Mellon Layoffs Spare the  U.S. Fund Services Lines of Business Not Rated 5.0 Email Routing List Email & Route  Print Print
Friday, November 05, 2010

BNY Mellon Layoffs Spare the U.S. Fund Services Lines of Business

News summary by MFWire's editors

BNY Mellon Asset Servicing has eliminated about 25 jobs in the wake of its purchase of PNC Global Investment Servicing. The cuts do not impact the U.S. fund services lines of business, BNY Mellon spokesman Rob Tacey told The MFWire.com.

"Some areas of overlap have emerged since the acquisition closed, resulting in some job losses," Tacey said. "However, there have been no job losses within the U.S. fund services lines of business related to the acquisition."

The U.S. fund services lines of business include fund accounting and administration, transfer agency and subaccounting, exchange-traded fund, closed-end fund and unit investment trust services.

BNY Mellon's $2.31 billion purchase of PNC GIS closed in July.  

Edited by: Armie Margaret Lee


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use