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

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

Rating:Mellon Buys Scottish AM Firm Not Rated 4.0 Email Routing List Email & Route  Print Print
Thursday, May 18, 2006

Mellon Buys Scottish AM Firm

by: Marie Glancy

Mellon Financial has scored points in its bid to expand non-U.S. investment alternatives, announcing Wednesday that it has agreed to purchase Walter Scott & Partners, an global equity management firm based in Edinburgh, Scotland.

Terms of the purchase, which is expected to close by the end of the third quarter, were not disclosed, but Walter Scott will retain its current leadership, structure and investment philosophy. With the completion of the deal, Pittsburgh-based Mellon will add approximately $27 billion to its total AUM, bringing that figure to more than $880 billion.

In announcing the purchase, Mellon chairman, president and CEO Robert Kelly underscored its importance for Mellon Asset Management. "Asset management is Mellon's largest and fastest-growing business," he pointed out in a statement.

The firm's global and international assets under management have increased about fifty fold over the past decade, reaching more than $100 billion. 

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

4.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
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. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use