Bank of New York Co., a longtime lender to media and telecommunications companies, is setting up an M&A advisory shop to cater to that industry's merger boom.

BNY Capital Markets Inc., the banking company's securities subsidiary, has hired James K. Mason, a former Merrill Lynch & Co. investment banker, to head the new unit.

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.