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.
Blackrock acquires private equity real estate investment advisory firm 21/05/2013 BlackRock has entered into a definitive agreement to acquire MGPA, an independently-managed private equity real estate investment advisory company in Asia-Pacific and Europe, significantly extending BlackRock’s real estate investment capabilities in these regions.
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.
Mills & Reeve in merger as six are promoted to partner 03/05/2013 Private Client Practitioner Top 25 Law Firm Mills & Reeve is to merge with Manchester firm George Davies on 1 June 2013 after partners at both firms voted in favour of the move.
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.