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BNY Mellon to acquire fund management technology company Milestone Group


BNY Mellon has reached a definitive agreement to acquire Milestone Group, a fund management technology provider.

The deal is expected to close in the second half of 2021

The two companies partnered last year to create a range of prudential and conditional net asset value (NAV) services for asset managers and asset owners.

The New Yorker Bank has now decided to buy the company in order to expand its digital offerings and core competencies and to offer OCIO services, cash …



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