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BNY Mellon in advanced talks to buy Insight, say reports

Bank of New York Mellon is in advanced talks to acquire the majority of Insight Investment Management, according to reports.

According to a report in the Financial Times today, BNY Mellon has beaten several rival bidders including Schroders and private equity group Hellman & Friedman in the auction for the Lloyds-owned fund management arm.

Earlier this week reports said BNY Mellon and Northern Trust were late bidders for the Insight business.

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