Computershare to acquire BNY Trust company of Canada
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Computershare to acquire BNY Trust company of Canada 26 April 2024US Reporter: Klea Neza
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Computershare has announced their agreement to acquire BNY Trust company of Canada from BNY Mellon, based in Toronto, through its Canadian trust company, Computershare Trust Company of Canada.
The deal is scheduled to complete in the second half of 2024, subject to regulatory notifications, approvals and other customary closing conditions.
Frank Madonna, CEO of Computershare Corporate Trust, says: “We’re delighted to be bringing the experienced team at BNY Trust Company of Canada on board,” said Frank Madonna, CEO of Computershare Corporate Trust.
“The acquisition is squarely in line with our core strategy of building the scale and capability of our corporate trust operation and demonstrates our commitment to the provision of corporate trust services in North America.”
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