The capital-markets unit posted profit of C$174 million, a 13 percent decline from a year earlier, as trading revenue declined.
International expansion, begun under Abboud and including a pioneering outpost in China, became problematic.
The contract, awarded under the loan servicing and asset management category, provides for BNY Mellon to deliver services through Colson Services Corp., a wholly owned subsidiary.
The new board members add significant business acumen that we will tap into for our customers and investors,” said Glenn Gray, President and CEO of CalWest Bancorp and South County Bank.
More than 97% of the votes cast at our meeting—and at Astoria’s—were voted in its favor—a gratifying indication of our shareholders’ belief in our prospects, as well as their belief in our fundamental strategy of acquisition-