January 29, 2014

Bank of Montreal Acquires F&C Asset Management

On January 28, 2014, Dealbook reported that the parent company of the Bank of Montreal will expand its European wealth management business with the $1.2 billion acquisition of F&C Asset Management of Britain.

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January 27, 2014

Affin to Acquire Hwang-DBS Bank Assets

On January 22, 2014, Businessweek reported that Affin Holdings Bhd., a Malaysian banking group, will acquire most of Hwang-DBS (Malaysia) Bhd.’s investment banking  and asset management assets for 1.36 billion ringgit ($409 million).

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January 27, 2014

Warburg Pincus to Acquire Majority Stake in Source

On January 20, 2014, Source, an independent asset manager, announced that Warburg Pincus will acquire a majority stake in the company.  Source’s existing shareholders, BofA Merrill Lynch, Goldman Sachs, J.P. Morgan, Morgan Stanley and Nomura, will remain as minority shareholders.

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January 24, 2014

Taiwan Cooperative Financial to Buy Back BNP Paribas TCB Shares

On January 17, 2014, Taipei Times reported that Taiwan Cooperative Financial Holding Co. had reached an agreement to buy back shares in its joint venture with BNP Paribas Investment Partners and to become the sole owner of BNP Paribas TCB Asset Management.

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January 22, 2014

RCS Capital Announces Agreement to Acquire J.P. Turner

On January 17, 2014, RCS Capital Corporation (NYSE: RCAP) announced that it will acquire J.P Turner & Company, an independent brokerage and investment banking firm, and J.P. Turner & Company Capital Management, its investment advisory affiliate.

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January 20, 2014

Q&A – George Bumeder of XL Group Investments

Continuing its series of Q&As relating to investment manager deals, IM Deals received the following feedback from George Bumeder, Senior Vice President of XL Group Investments LLC, which is an internal investment subsidiary of XL Group plc.  Through its subsidiaries, XL Group plc is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world.

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January 20, 2014

RCS Capital to acquire J.P. Turner & Company

RCS Capital to acquire J.P. Turner & Company RCS Capital Corporation (NYSE:RCAP) announced on January 17, 2014 that it had entered into an agreement to acquire independent brokerage and investment banking firm J.P. Turner & Company and its affiliated investment advisory company J.P. Turner & Company Capital Management.  Continue reading “RCS Capital to acquire J.P. Turner & Company”

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January 17, 2014

Davy Private Clients to Acquire Square Seven Financial Planning

On January 15, 2014, IFAOnline reported that Davy Private Clients, the wealth management and financial planning division of J&E Davy, will acquire Square Seven Financial Planning, a Northern Ireland-based financial advisor.

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January 13, 2014

European Wealth Acquires Three Funds from Hume Capital

On January 10, 2014, Citywire reported that European Wealth had acquired three funds from Hume Capital.  The acquired funds are the Hume International Bond Fund and the Hume Global Opportunities and Hume European Opportunities equity funds.

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January 13, 2014

Nomura to Acquire ING’s Taiwanese Asset Management Business

On January 10, 2014, Nomura Asset Management Co., Ltd., a wholly-owned subsidiary of Nomura Holdings, Inc., announced that it will acquire ING Group’s Taiwanese asset management unit, ING Securities Investment and Trust Company Limited, Taiwan.

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