State Street Global Advisors (SSgA) announced on October 22 that it has agreed to acquire Bank of Ireland Asset Management (BIAM). Pending regulatory approvals and other closing conditions, the transaction is expected to close in the first quarter of 2011 or earlier. When the deal is complete, the BIAM operation in Dublin will become State […]
Royal Bank of Canada has struck a deal to buy UK-based money manager BlueBay Asset Management for roughly $1.56 billion. The deal is expected to expand RBC’s global reach from three geographic wealth management businesses to four (Canada, U.S., U.K. and Emerging Markets). The new deal is aimed at replicating RBC Wealth Management’s success in […]
The Segal Company has acquired Aon Consulting’s multiemployer defined benefit plan (DB) and related consulting business in the U.S. for an undisclosed amount, as reported in Global Pensions. The acquisition covers about 60 DB plans across a range of industries throughout the U.S. Aon employees will join Segal to help manage new clients, along […]
RBC has completed its acquisition of Phillps, Hager & North, making RBC one of the top five managers in the Canadian institutional market for defined benefit and defined contribution pension plans, and a leading provider to endowments and foundations. The acquisition also makes RBC the largest retail mutual fund company in Canada with more than […]