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Rating:Mellon Eyes More Private Wealth Buys Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, June 09, 2005

Mellon Eyes More Private Wealth Buys

by: Theresa Sim

Mellon Financial has snapped up a few private wealth managers in the past few years, and it looks like it will continue that strategy, reports Reuters.

"Our aspirations are to continue to look at some of the geographic areas we are not in," said Steven Elliott, Mellon vice chairman, at an asset management conference on Wednesday.

The bank has increasingly looked to Europe and elsewhere abroad to grow its revenues. 

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