BNY Mellon to Buy Talon Wealth Management to Expand in Chicago
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Bank of New York Mellon Corp., the world’s largest custody bank, agreed to buy Talon Asset Management’s wealth management operations, adding more than $800 million in assets.
Terms of the deal weren’t disclosed in a statement today from New York-based BNY Mellon. Senior Talon principals Terry Diamond, Alan Wilson and Edwin Ruthman will assume leadership roles in the Chicago office, where Talon is based.