Legg Mason acquires 82% in US-based investment platform
Legg Mason has acquired an 82% stake in US-based online investment adviser Financial Guard for an undisclosed sum.
Legg Mason has acquired an 82% stake in US-based online investment adviser Financial Guard for an undisclosed sum.
Swiss-based insurer Zurich has sold its operations in South Africa and Botswana to Canada’s Fairfax Financial Holdings for an undisclosed sum.
Swiss private banking group Julius Baer has completed its acquisition of Commerzbank International S.A Luxembourg (Cisal), a fully-licensed private bank located in the Duchy.
Zedra, an independent trust, fiduciary, corporate and fund services provider, has agreed a deal to buy Netherlands-based Allied Corporate Services to strengthen its position inside the European Union.
GAM, the acquisitive Swiss asset manager, has made another move. It announced today it bought the UK-based multi-strategy systematic manager Cantab Capital Partners for $217m (€195m).
Luxembourg-based International Wealth Insurer (IWI), has been sold by state-owned Belfius Insurance to Foyer, a major private financial group in the Duchy, creating a new player in the international life insurance sector.
Old Mutual Wealth is set to be spun out of its parent group and floated on the London and Johannesburg stock exchanges as part of Old Mutual’s four-way demerger.
MitonOptimal is set to acquire Coram Asset Management, the boutique multi-asset manager that was founded by James Sullivan and the late Martin Gray in September 2014.
Qrops provider London & Colonial (L&C) is planning a management buyout of its business in order to help fund new acquisitions, the company has confirmed.
Zurich Insurance Group has sold its general insurance operations in Taiwan as part of its efforts to reshape its global organisation and stem a decline in profitability.
Old Mutual Wealth Private Client Advisers, a UK financial advice service, has struck a deal to acquire the financial planning firm DQS Financial Management.
News of Microsoft’s LinkedIn acquisition has generated mixed views over its merit.