Quilter Cheviot and Old Mutual: Second time lucky for Old Mutual? 17/10/2014 The words “deja vu” should immediately come to mind on first acquaintance with the news that Old Mutual Wealth is to acquire London-based Quilter Cheviot, at least to anyone with a reasonably long memory. For Old Mutual, if not Old Mutual Wealth, is no stranger to the UK wealth management market, especially when it comes to acquiring private client stockbrokers and investment managers at inflated prices.
BNY Mellon acquires New York-based asset manager 06/10/2014 BNY Mellon is to acquire Cutwater Asset Management, a New York-based fixed income and solutions specialist with a 20-year track record and approximately $23 billion in assets under management. Located in Armonk, NY, the firm is currently a wholly-owned subsidiary of MBIA Inc.
Baer may throw hat in ring for Coutts International 22/09/2014 Julius Baer features among a short list of wealth management companies that are interested in acquiring Coutts International, the overseas arm of the British private bank that RBS hopes could be worth up to $1 billion.