BNY Mellon to Acquire Wealth Management Business of Talon Asset Management (BK)

BNY Mellon BK has entered into an agreement to acquire Chicago-based Talon Asset Management's wealth management operations, which have more than $800 million in assets under management. Talon is one of the region's premier independent investment managers. "Both BNY Mellon and Talon share a strong commitment to client service and satisfaction and to delivering trusted guidance to help clients achieve their financial goals," said BNY Mellon Wealth Management CEO Lawrence Hughes. "BNY Mellon Wealth Management had targeted Chicago as part of its national and global expansion strategy. This transaction marks a significant step in the company's growth in the region and will enable us to offer a whole new level of service to wealthy Chicago investors."