This Week: BNY Mellon/Milestone Group, IHS Markit, Broadridge/China Renaissance, and more
A summary of some of the past week’s financial technology news.
BNY Mellon acquires Milestone Group
Bank of New York Mellon has entered into a definitive agreement to acquire Milestone Group, a provider of fund management technology. The deal comes just over a year after the two companies formed an alliance to create a suite of oversight and contingent net asset value services for asset managers and asset owners seeking independent oversight and backup NAV capabilities.
By acquiring Milestone, BNY Mellon will advance the digitization and automation of core
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