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BNY Mellon/GIS

M/10/006

Completed

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
Case details
  • Notification date:26 February 2010
  • Publication date:26 February 2010
  • Economic sector:Financial and insurance services - L
  • Economic sub-sector:Financial and insurance support - L.66
  • Outcome:Cleared
Documents
Timetable

Phase One

  • Friday, 26 February, 2010 Notification received
  • Thursday, 11 March, 2010 Third party submission deadline
  • Monday, 22 March, 2010 Determination issued
Parties Involved

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.
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