Mellon Financial Buys Van Deventer & Hoch
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Reuters
Mellon Financial Corp. said it bought asset manager Van Deventer & Hoch for an undisclosed sum in a move to build up its investment operations aimed at the wealthy.
Glendale-based Van Deventer & Hoch manages or administers about $1 billion in funds for rich clients, which will beef up Mellon Private Asset Management, Mellon’s unit that manages money for rich individuals, families, charitable endowments and foundations.
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