In its first such move outside the United States, Bank of New York Co. has acquired an equity stake in a Russian company for share registration services.

A spokeswoman for Bank of New York said that the Moscow-based company is expected to be up and running by April. She declined to disclose the exact stake or say how much the bank is investing.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.