Mellon to Acquire Walter Scott & Partners; Expand International Asset Management Business.

PR Newswire | May 17, 2006 | Copyright

- Top-performing global equity manager joins Mellon's boutique structure -

PITTSBURGH and LONDON, May 17 /PRNewswire-FirstCall/ -- Mellon Financial Corporation today announced it has agreed to purchase Walter Scott & Partners Limited, an Edinburgh, Scotland-based equity investment firm specializing in global and international strategies with approximately $27 billion (14.3 billion pounds Sterling) under management. Walter Scott & Partners will join the growing roster of investment boutiques of Mellon Asset Management, a leading global asset management franchise. ...

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