RBC will have exclusive distribution of Onex alts products under the DS and PH&N channels
SVB's March 10 collapse in a bank run was the second-largest in U.S. history
Gluskin Sheff's parent company, Onex, is winding down the wealth management business
The firm is asking regulators for more time after reconstituting a special committee evaluating management's takeover bid
New appointments come a week after four board members opposed to the takeover resigned
The firm appointed Terrence Lyons as director and member of the committee evaluating the bid
The shareholder is pushing for board changes by May 10 and nominated two directors
The firms are looking to add scale and grow their wealth management business
Big Four Canadian life insurers report near-record profits for 2022, DBRS says
Extension increases risk of deal not being completed: Barclays analyst