Withers and Speechly Bircham call off merger talks 23/05/2013 Leading law firms Withers and Speechly Bircham have said that merger talks that were first announced in March this year have been called off after both firms agreed that a merger would not be advantageous for either party.
Morgan Stanley sells Indian wealth business to StanChart 20/05/2013 Morgan Stanley has agreed to sell its Indian wealth management unit to Standard Chartered for what is unofficially reported to be about $8 million. The US bank may receive extra payments, depending on future performance of the unit.
Bestinvest to acquire ‘similar sized firm in 2014,’ says CEO 03/05/2013 Since the start of 2013 there has been a surge in merger and acquisition activity with the UK’s wealth management sector and at least one firm is planning to continue it into 2014. Bestinvest will make one acquisition next year, Peter Hall, its chief executive has told thewealthnet.