NEW YORK - Fiduciary Trust Company International, a global money manager with $22 billion under management, said it has completed acquisition of Trust Company of the South Miami.

Fiduciary Trust and it would operate the Miami unit, a trust company that does not take deposits, as a subsidiary. It has three south Florida offices.

Peter E. Houghton, president and chief executive officer of Trust Company of the South, retained day-to-day management and long-term planning responsibilities.

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