BNY Mellon Expands Partnership With Alternative Credit Specialist CIFC
Portfolio Pulse from Benzinga Newsdesk
BNY Mellon has expanded its partnership with CIFC to include CIFC's U.S. direct lending strategy on BNY Mellon IM's global distribution platform, making it available to clients in EMEA and APAC.
March 20, 2024 | 10:21 am
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POSITIVE IMPACT
The expanded partnership with CIFC allows BNY Mellon to offer CIFC's U.S. direct lending strategy to a broader client base, potentially increasing BNY Mellon's revenue streams.
By expanding its partnership with CIFC to include direct lending strategies on its global distribution platform, BNY Mellon is likely to attract more clients in EMEA and APAC, potentially increasing its revenue streams. This strategic move could positively impact BNY Mellon's stock price in the short term as it demonstrates growth and expansion in its financial products offerings.
CONFIDENCE 85
IMPORTANCE 70
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