KeyCorp (KEY) has sold its asset management and broker-dealer businesses for more than $50 million less than originally anticipated.

The Cleveland bank said Thursday that it has completed the sale of Victory Capital Management and Victory Capital Advisers to Crestview Partners and certain Victory employees. Crestview is a New York private-equity firm.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access