The Bank of New York has agreed to buy an 80% stake in the Anglo-US asset manager Alcentra.

Alcentra runs 15 investment funds investing mainly in high-yield debt from offices in London and Los Angeles and has over $6.2bn (€5.1bn) in assets under management.

Jason Corcoran

Bank of New York

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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Bank of New York takes 80% of Alcentra

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