Mellon Bank Corp. is forming a strategic partnership with a leading Brazilian investment bank.

Pittsburgh-based Mellon is buying a 40% stake in Banco Brascan. In addition, Mellon and Banco Brascan plan to form Mellon Brascan Asset Management, an investment management venture combining Mellon's global asset management expertise with Brascan's knowledge and 100 years of experience in Brazil.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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