Scotia Management Cos. Administration had net assets under management of more than $678 million as of June 1
The firm’s aim to close the transaction later this month
The Canadian bank is expect to release its Q2 results on Tuesday
Intensifying M&A activity will lead to “largest competitive realignment” in this industry, new Casey Quirk report suggests
John Hamilton will continue to lead Financial Horizons and the existing management team will remain in place
But both banks say they are confident that the deal will close in June
Deal announcements reached their highest level in the past five years and represent the fourth consecutive quarter of increased activity
Advisory firm says Chicago-based PrivateBankcorp’s earning power as a stand-alone company appears to be growing
But a shift to more strategic deal making should underpin insurance executives’ rationale if they want deals to pay off in the long run, new KPMG report suggests
The deal is now valued at US$4.9 billion, a 20% increase in value compared from the initial offer delivered in June 2016