M&A Deals
Aberdeen completes Parmenion deal
Aberdeen Asset Management’s acquisition of Parmenion Capital partners and its sister company, Self Directed Holdings, is now complete, the firm announced on Tuesday.
JTC completes GAM Cayman fund business acquisition
Fund service provider JTC Group has completed its acquisition of GAM’s Cayman Island-based fund administration business.
Beechwood acquires Old Mutual Bermuda
Beechwood Bermuda, a provider of international investment plans, has completed its acquisition of Old Mutual (Bermuda), which had insurance and investment products with over $1bn in assets.
Julius Baer takes stake in Shanghai wealth manager
The Swiss-based private bank will purchase a $17.5m stake in Jupai, a US-listed Chinese wealth manager.
MUFG acquires UBS AM’s Alternative Fund Services
MUFG Investor Services, the global asset servicing arm of Tokyo-based Mitsubishi UFJ Financial Group, has acquired UBS Asset Management’s Alternative Fund Services (AFS) for an undisclosed sum.