M/10/006 – BNY Mellon / GIS

Transaction details

The Competition Authority, on 22 March 2010, cleared theᅠproposed transaction whereby Bank of New York Mellon would acquire 100% of the shares of PNC Global Investment Servicing, Inc. from PNC Financial Services Group, Inc.ᅠ

Notification date Decision date
Friday February 26, 2010 Monday, March 22, 2010
Parties Involved Business activities
The Bank of New York Mellon Corporation

BNY Mellon: is a global financial services provider engaged in asset management and wealth management services, issuer services, clearing services and treasury services.

PNC Global Investment Servicing, Inc.

GIS: provides custody, fund accounting, transfer agency and outsourcing solutions for asset managers and fund advisors both worldwide and in the State.

Economic sector Media merger
The provision of fund administration and custody services worldwide and in the State. No
Submissions from third parties due by:
Phase 1 Phase 2
Thursday, March 11, 2010
Current status: Completed
Cleared (Phase 1)
Authorised Officer Assigned Contact Details
Mr. Andrew Rae

Tel: 01-804 5420, email:ar@tca.ie

Media enquiries: MKC Communications: 01 7038600

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