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
Net income for wealth management was down 12% from a year ago
Deal-makers have yet to fully adjust to prevailing economic conditions
A special committee of independent directors is opposing the offer
Investment activity expected to remain subdued in 2023, KPMG reports
Denis Dubois, executive vice-president with Desjardins Group, is on the hunt for independent advisory firms to acquire