October 15, 2012

Principal Financial to Acquire Cuprum in Chile

On October 8, 2012, The Principal Financial Group (NYSE: PFG) announced that it had signed a definitive agreement to acquire 100% of AFP Cuprum S.A, a leading pension manager in Chile, for US$ 1.51 billion.

Continue reading...

October 12, 2012

Rosemont Backs Fifth Third MBO

On October 12, 2012, Fifth Third Bancorp announced that it will spin off certain assets from Fifth Third Asset Management into a new firm, Foundry Partners LLC, in which Rosemont Investment Partners, LLC will be the sole outside minority shareholder.

Continue reading...

October 5, 2012

Invesco Acquires 49% Stake in Religare

On September 27, 2012, Invesco Ltd. (NYSE:IVZ) announced that it had agreed to acquire a 49% interest in India-based Religare Asset Management Company.

Continue reading...

October 4, 2012

Carlyle Acquires 55% Stake in Vermillion Asset Management

On October 3, 2012, The Carlyle Group (NASDAQ: CG) announced that it had purchased a 55% stake in Vermillion Asset Management, a commodities investment manager.

Continue reading...

October 4, 2012

Falcon Private Bank to Buy Clariden from Credit Suisse

On October 4, 2012, Investment Europe reported that Falcon Private Bank had agreed to acquire emerging markets wealth and asset manager Clariden Leu (Europe) Ltd. from Credit Suisse Group.

Continue reading...

October 3, 2012

Xcap Securities Acquires Hume Capital

On October 3, 2012, citywire.co.uk reported that Xcap Securities had acquired multi-asset wealth firm Hume Capital LLP.

Continue reading...

October 3, 2012

BNY Mellon Acquires 100% of WestLB Mellon Asset Management

On October 2, 2012, BNY Mellon announced that it had purchased the remaining 50% of WestLB Mellon Asset Management, a joint venture between BNY Mellon and Portigon, a German portfolio management and service company.

Continue reading...

October 1, 2012

NY Life to Acquire Minority Stake in Cornerstone

On September 27, 2012, New York Life announced that it had agreed to acquire, through a subsidiary, a minority stake in growth manager Cornerstone Capital Management, Inc.

Continue reading...

October 1, 2012

Truestone Acquires Argent

On October 1, 2012, ifaonline.co.uk reported that wealth manager Truestone Asset Management had acquired London-based Argent Personal Financial Managers for £3.5 million.

Continue reading...

Menu