M&A Deals
South Africa insurer Sanlam buys 49% stakes in Firstglobal AM
Graviton Financial Partners, a wholly-owned subsidiary of South African insurance giant Sanlam, has acquired a 49% stake in Firstglobal Asset Management for an undisclosed sum.
Curtis Banks buys Sipp book out of administration
Curtis Banks Group has acquired the self-invested personal pension (Sipp) business of UK-based European Pensions Management (EPM) for an undisclosed sum.
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.