Leading Provider of Structured Finance Services significantly expands operations in Ireland
Dublin, 30 September 2016 – TMF Group, a leading provider of high value business services to clients operating and investing globally, is pleased to announce the acquisition of BNY Mellon’s Corporate Administration Services business affiliated to its Corporate Trust offering in Ireland.
Employees who support the business will transfer to TMF Group, ensuring continuity of service.
The acquisition of this business further enhances TMF Group’s position as one of the leading independent administrators of structured finance entities in the world and demonstrates TMF Group’s commitment to driving growth in its Trust & Corporate Services business.
TMF Group funded the acquisition from existing cash resources; financial terms of the transaction have not been disclosed.
Kevin Butler, Managing Director of TMF Ireland, commented: “We are delighted to welcome BNY Mellon’s Corporate Administration Services clients to TMF Group and look forward to providing them with high quality services and access to our comprehensive service offering.”
For further information, please contact:
Director of Communications, TMF Group
+44 (0)20 7832 8954
About TMF Group:
TMF Group helps global companies expand and invest seamlessly across international borders. Its expert accountants, legal, HR and payroll professionals located around the world assist clients with their corporate structures, finance vehicles and investments. With business services offered in more than 80 countries, TMF Group is the global expert that understands local needs.
About BNY Mellon:
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of June 30, 2016, BNY Mellon had $29.5 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).