Now that Bank of New York Mellon Corp. has closed its $2.31 billion acquisition of PNC's Global Investment Servicing Inc., it is looking abroad for growth in its asset servicing business.

The company has identified several international markets it would like to expand into over the next two years, said Jim Palermo, the chief executive officer of BNY Mellon's asset servicing business. These markets include Germany, Australia, China, South Korea, India, Brazil and the Middle East.

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