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BRIEF-Bank of America to sell $87 bln of investment management responsibilities to BlackRock
November 3, 2015 / 1:42 PM / in 2 years

BRIEF-Bank of America to sell $87 bln of investment management responsibilities to BlackRock

Nov 3 (Reuters) - BlackRock -

* Co and Bank Of America’s asset management business, BOFA Global Capital Management have entered agreement

* Agreement to transfer investment management responsibilities of about $87 billion of AUM managed by BOFA Global Capital Management to Co

* Terms were not disclosed

* The financial impact of the transaction is not material to BlackRock earnings Source text for Eikon: Further company coverage: [BLK.N BAC.N]

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