Mergers & Acquisitions

Tactico launches Tactex Asset Management Fallback Image Decorative pattern

Industry

Tactico launches Tactex Asset Management

Tactico Inc. has announced the acquisition of Canadian portfolio management firm, Westmount Markets Inc., which will be rebranded as Tactex Asset Management. The new company will provide portfolio management services to both retail and institutional investors. Liam Cheung, managing director of Tactico, will assume the role of Tactex CEO. Tactico vice-president Brendan Magill will serve […]

By Staff |April 13, 2011

1 min read

Regulators approve Desjardins-Western Financial deal Fallback Image Decorative pattern

Industry

Regulators approve Desjardins-Western Financial deal

Desjardins Financial Group through its wholly-owned subsidiary, Desjardins Financial Corporation Inc. and Western Financial Group Inc. today announced that the proposed acquisition by Desjardins of Western has been approved by the Minister of Finance of Canada and the Canadian Competition Bureau. Desjardins satisfied all regulatory conditions of the acquisition of all of the issued and […]

By Staff |April 8, 2011

1 min read

GMP buys New York bond boutique Fallback Image Decorative pattern

Market Insights

GMP buys New York bond boutique

GMP Capital has struck a deal to buy New York-based fixed income boutique, Miller Tabak Roberts Securities, LLC. The acquired firm specializes in institutional sales, secondary trading and research in high-yield and distressed debt, convertible bonds, international bonds, investment grade and asset-backed securities. “MTR has built an impressive fixed income agency business that leverages a […]

By Staff |April 6, 2011

2 min read

Battle brewing over NYSE Fallback Image Decorative pattern

Industry

Battle brewing over NYSE

There is a new twist in the tale of global exchange consolidation. Nasdaq OMX Group and Intercontinental Exchange (ICE) have made a $11.3 billion hostile bid for NYSC Euronext, adding a 19% premium to the proposed Deutsche Boerse deal announced February 10. Analysts on both sides of the Atlantic have pointed out that the latest […]

By Vikram Barhat |April 1, 2011

2 min read