Now that Bank of New York Mellon Corp. has closed its acquisition of PNC’s Global Investment Servicing Inc. the New York-based company has its sights set abroad for further growth of its asset servicing business.

“International expansion very clear is the opportunity,” said Jim Palermo, the chief executive officer of BNY Mellon’s asset servicing business. “We see growth opportunities in two significant areas – both geographically and through global financial institutions. Global financial institutions are clearly the fastest growing segment and a key driver behind the PNC GIS deal.”

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