Foreside Financial Group acquires BNY Mellon Distributors from Bank of New York Mellon - MarketLine Financial Deals

Foreside Financial Group acquires BNY Mellon Distributors from Bank of New York Mellon

Foreside Financial Group acquires BNY Mellon Distributors from Bank of New York Mellon - MarketLine Financial Deals
Foreside Financial Group acquires BNY Mellon Distributors from Bank of New York Mellon
Published Mar 30, 2011
3 pages — Published Mar 30, 2011
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Brief Excerpt:

...The Bank of New York Mellon Corporation (BNY Mellon) has completed the sale of BNY Mellon s fund distribution business (BNY Mellon Distributors LLC and its four subsidiaries, including MGI Distributors, Fairholme Distributors, HighMark Distributors and Sterling Distributors) to Foreside Financial Group, LLC. Foreside Financial Group is a provider of distribution and regulatory compliance services for companies in the investment management industry. BNY Mellon is a diversified financial services company. All the entities involved in the transaction are based in the US. Effective April 1, 2012, BNY Mellon Distributors was renamed Foreside Funds Distributors LLC. BNY Mellon Distributors eleven employees joined Foreside Financial Group and are servicing clients out of the Berwyn, Pennsylvania office. Target BNY Mellon Distributors LLC Acquirer Foreside Financial Group, LLC Seller/Vendor The Bank of New York Mellon Corporation Deal status Completed Deal category Acquisition Deal sub-category...

  
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MA106821_120423
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MLA:
MarketLine Financial Deals. "Foreside Financial Group acquires BNY Mellon Distributors from Bank of New York Mellon" Mar 30, 2011. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Foreside-Financial-Group-acquires-BNY-Mellon-Distributors-from-Bank-of-New-York-Mellon-2052-80522>
  
APA:
MarketLine Financial Deals. (2011). Foreside Financial Group acquires BNY Mellon Distributors from Bank of New York Mellon Mar 30, 2011. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Foreside-Financial-Group-acquires-BNY-Mellon-Distributors-from-Bank-of-New-York-Mellon-2052-80522>
  
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