The Bank of New York Mellon Corporation announced it has agreed to acquire Insight Investment Management Limited ("Insight Investment") from Lloyds Banking Group plc for £235 million. Based in London, Insight Investment specialises in LDI (Liability Driven Investment) solutions, active Fixed Income and Alternatives. Its clients...

Standish Mellon Asset Management Company LLC, the fixed income specialist for BNY Mellon Asset Management, is to offer investment strategies that will enable its international clients to invest in securities related to the Term Asset-Backed Securities Loan Facility (TALF). Standish and BNY Mellon Asset Management said they are...

Cleary Gottlieb is acting as counsel to BPCE, the new central body of the Groupe Banque Populaire and the Groupe Caisse d’Epargne, in connection with an innovative exchange offer of up to €1.5 billion of four series of new BPCE Tier 1 securities for seven series of outstanding Tier 1 securities of Natixis. The exchange offer...

Mellon Transition Management (MTM), the transition management specialist for BNY Mellon Asset Management, is predicting that a record number of financial institutions such as pension funds and endowments will replace their asset managers in the third and fourth quarters of 2009. The general trend over the last six months...

Morgan Stanley (NYSE: MS) and MSCI Inc. (NYSE: MXB) announced that Morgan Stanley's previously announced secondary offering of all of its remaining 27,708,653 shares of MSCI Inc. class A common stock, par value $0.01 per share, priced at $21.50 per share. MSCI Inc. will not receive any of the proceeds from the sale of the...

The iShares family of Exchange Traded Funds (ETFs) today announced a significant expansion with the acquisition of NAFTRAC, the first and largest ETF in Mexico and Latin America. Following approval of the transaction by holders of NAFTRAC, the ETF was renamed the iShares NAFTRAC™. Its addition to the iShares family makes...

Credit Suisse and Woori Financial Group have entered into an agreement to commence the transfer of Credit Suisse's 30% stake in Woori Credit Suisse Asset Management Co Ltd (the "asset management company") to Woori Financial Group. Credit Suisse and Woori Financial Group have reviewed several strategic options for the...

Commenting on today's approval by the European Parliament of a new system to register and regulate ratings firms in the European Union, Standard & Poor's said the initiative should play an important part in building confidence in credit ratings and markets in the region. Along with the changes S&P...

Today, UBS announces that it has agreed to sell its Brazilian financial services business, UBS Pactual, for approximately USD 2.5 billion to BTG Investments, headed by André Esteves. The sale of the Brazilian business is consistent with UBS’s policy to continue to reduce its risk profile, strengthen its balance sheet and...

Morgan Stanley Investment Management (MSIM) today announced that Morgan Stanley Alternative Investment Partners (AIP) raised $1.14 billion in commitments for Morgan Stanley Private Markets Fund IV ("Private Markets Fund IV"), a private equity fund of funds. The capital raised for Private Markets Fund IV represents a nearly 15...