(Bloomberg) -- Bank of New York Mellon Corp., the world’s largest custody bank, is hiring as many as 100 people in its wealth-management unit as it seeks to counter lackluster earnings in other businesses.

BNY Mellon Wealth Management will increase its sales force by 50 percent to about 150 people by the end of 2014, according to a statement to be released today. The New York-based company also plans to add 10 private bankers and mortgage bankers combined, plus additional support staff and portfolio managers.

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