M&A Deals
Canaccord Genuity expands in IoM with Duncan Lawrie deal
Canaccord Genuity Wealth Management, part of Canada-based financial services group Canaccord, has bolstered its presence in the Isle of Man by snapping up more than 100 client portfolios from former wealth manager Duncan Lawrie Private Bank.
China to lift 50% foreign ownership cap on life insurers
China is considering easing the 50% ownership cap on overseas life insurers buying domestic companies in the biggest shakeup of the industry in almost two decades.
Northern Trust expands in Europe with UBS buy
US-based Northern Trust Corp is to buy UBS Asset Management’s fund administration servicing units in Luxembourg and Switzerland.
Firms lining up to buy Old Mutual’s US asset management stake
Old Mutual is in talks to sell a stake in its US asset management unit following approaches from China’s HNA group.
MitonOptimal swoops on chartered adviser to boost int’l reach
MitonOptimal International, the Guernsey-headquartered investment management group, has merged with Isle of Man-based investment advisory business, Blythe Financial.