M&A Deals
Trust acquisition adds Asia presence to $95bn offshore specialist
Bermuda-based Bank of N.T. Butterfield & Son will establish an Asia presence following its acquisition of Deutsche Bank’s Global Trust Solutions (GTS) business.
Praxis second acquisition boosts pension offering
PraxisIFM is extending its pension services with the acquisition of a 50% stake in RiskCo Group in the Netherlands.
More IFAs on the hunt for acquisitions than selling up
IFA consolidation could be reaching a tipping point with more buyers than sellers of financial advisory businesses, according to M&A experts.
Natixis makes Australia acquisition
Natixis Global Asset Management will acquire a majority stake in Australia’s Investors Mutual Limited (IML) to take advantage of the domestic retail market and A$2.3trn (£1.4trn, $1.8trn, €1.5trn) superannuation industry.
Progeny acquires complex client advice specialist
Wealth manager and legal adviser Progeny Group has acquired Chestergate Financial Planning.