Summary
Mellon Financial Corp. will not depart from managing and servicing investments now that its new CEO has reviewed all Mellon's core businesses -- but it might try to buy a money manager, analysts said Wednesday.
Mellon is set to release the results of a six-month strategic review on Monday during an investor conference in New York. That's when Robert Kelly, who became Mellon's chairman and chief executive in February, will probably lay out a three- to five-year vision for Mellon.See the full content of this document
Extract
Mellon Ceo's Vision Focuses On Investment
"Bob Kelly has been vocal on analyst calls to say he would be interested in looking at money manager acquisitions, in the U.S. and abroad," said...
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