Industry

Bank of New York Mellon Corp. has been gobbling up acquisitions throughout the recession in its quest to expand its business and extend its geographic reach.

Fidelity International has named Arne Lindman as president and CEO of its Asia Pacific operations.

ING Group announced Wednesday it hired Lynne Ford as chief executive officer of ING Financial Solutions, the company's transformed annuity and rollover business.

Money manager Neuberger Berman has agreed to pay $200 million for a diversified portfolio of 21 private equity investments from a European office.

Affiliated Managers Group, a Boston asset manager, announced Monday that it has agreed to acquire Highbury Financial, an investment management holding company based in New York.

BlackRock Inc. announced in a regulatory filing that it plans to introduce a portfolio to give high-net-worth investors access to difficult-to-obtain hedge funds.

McNabb Succeeds Brennan as Vanguard Chairman

Fidelity Names Perold Asset Management Chief

Despite the painful headlines, government bailouts and predictions of a flood of advisors going independent, wirehouses have retained both advisors and high-net-worth assets and will continue to dominate this space, according to a new report by Cerulli Associates.

State Street has signed an agreement to acquire Mourant International Finance Administration for an undisclosed amount of cash. Based in Jersey in the Channel Islands, Mourant specializes in fund administration for alternative investments. The deal marks a continued expansion into alternative servicing for State Street. Mourant has $170 billion in assets under administration and 650 employees in locations including Dublin, Singapore and New York.