Kelley Drye Represents Mellon in Sale of Retail Finance Service Businesses
August 26, 2004
Kelley Drye represented Mellon Human Resources & Investor Solutions in the sale of its retail securities brokerage and third party marketing retail insurance and investment products businesses to PrimeVest Financial Services, Inc., a subsidiary of ING. The businesses divested provide discount securities brokerage services and sell insurance and investment products through unaffiliated banks and financial institutions throughout the country. Mellon Human Resources & Investor Solutions is a division of Mellon Financial Corp., a major global provider of financial services, and provides a wide range of human resources, investor outsourcing, administration and consulting services. It includes Mellon Investor Services, one of the leading providers of stock transfer and shareholder services in the country, which Kelley Drye has regularly represented since it was originally formed as a joint venture between Chemical Bank and Mellon under the name of ChemicalMellon Shareholder Services in 1995.