M&A Deals
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.
Zurich to sell Africa units to Canadian insurer Fairfax
Swiss-based insurer Zurich has sold its operations in South Africa and Botswana to Canada’s Fairfax Financial Holdings for an undisclosed sum.
Julius Baer buys Commerzbank’s Luxembourg private bank
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 expands in Europe with Dutch acquisition
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 makes UK acquisition in defiance of Brexit worries
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).