BNY Mellon Gives Activist Trian Fund Board Seat

Reuters

Bank of New York Mellon said it elected Ed Garden, a founding partner of activist investor Trian Fund Management LP, to its board.

Trian owned a 2.57 pct stake in BNY Mellon, as of Sept. 30.

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Garden, also the chief investment officer of Trian, formed the investment firm along with Nelson Peltz and Peter May in 2005. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Saumyadeb Chakrabarty)