M&A Deals
European Wealth acquires Xcap Nominees
Integrated wealth management firm European Wealth Group has acquired Xcap Nominees, bringing an additional £30m ($45.5m, €42.8m) in assets to European Wealth’s Manchester office.
Former Bellpenny director launches IFA acquisition advisory business
Former Bellpenny operations director Dawn Pearce-Herzberg has launched Vines Row, a new business venture that she believes will provide a key missing ingredient to the existing IFA acquisitions market.
PraxisIFM to acquire Confiance
PraxisIFM, a Guernsey-based independent financial services group, announced that it plans to acquire Guernsey-based financial services company Confiance Limited for an undisclosed sum.
Zurich expands general insurance offering in Hong Kong
Swiss-based insurer Zurich has moved to strengthen its business in Hong Kong with an agreement to buy Kono Insurance, an authorized general business insurer.
Aberdeen dismisses sale rumours out of hand
Aberdeen Asset Management has firmly denied rumours it is looking for a sale.