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The company was the subject of an initial public offering in October 2015. [4] In July 2017 it announced the acquisition of the share registration business of Wells Fargo. [5] On 30 July 2020, the company announced its intention to rebrand as "EQ". [6] In April 2021 Siris Capital made an offer worth £661 million for the company. [7]
The company was established as a pensions consultancy and administration business within Equiniti in around 1990. It then adopted the brand name, Xafinity. It then adopted the brand name, Xafinity. It acquired a rival firm, Hazell Carr, in April 2008.
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Tomás Carruthers, the company's CEO, was retained by AMP, and in 2003 he regained control through a buy-out. [8] Until its purchase in 2022 by Abrdn , interactive investor was a private limited company incorporated in 2003 and majority owned by funds advised by J.C. Flowers & Co , a leading private equity firm.
In 1984, CIT was sold to Manufacturers Hanover Trust. [2] In 1989, Manufacturers Hanover Trust sold 60% of CIT to Dai-Ichi Kangyo Bank of Japan. [2] In 1991, the company acquired Fidelcor Business Credit Corporation, which increased its services to small businesses. In 1992, CIT opened 15 new offices in 7 states. [2]
Established in 1973, The Depository Trust Company (DTC) was created to alleviate the rising volumes of paperwork and the lack of security that developed after rapid growth in the volume of transactions in the U.S. securities industry in the late 1960s. [17] DTC was formed under the special incorporation laws of New York for trust companies.
The Bank of New York Mellon Corporation, commonly known as BNY, is an American international financial services company headquartered in New York City.It was established in its current form in July 2007 by the merger of the Bank of New York and Mellon Financial Corporation.
A trust company is a corporation that acts as a fiduciary, trustee or agent of trusts and agencies. A professional trust company may be independently owned or owned by, for example, a bank or a law firm, and which specializes in being a trustee of various kinds of trusts.
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