Despite market volatility, executives across the globe still have appetites for corporate takeovers, says a new EY study. That’s what has been diving the recent wave of mergers and acquisitions, and we’ll see more over the coming year, adds EY, which finds 59% of global companies are planning to secure at least one deal over […]
As part of the ongoing reforms to the Ontario Pension Benefits Act, major changes were made to Ontario’s pension asset transfer rules, effective Jan. 1, 2014. These changes apply to asset transfers that are either between separate employers’ plans because of a sale, assignment or other disposition of a business, or between plans of the same employer.
Canadian Western Bank has signed an agreement to buy a 55% stake in McLean & Partners Wealth Management, a Calgary-based firm focusing on wealth management for high-net-worth individuals. Financial terms of the deal were not disclosed.
Sun Life Financial Inc. and Khazanah Nasional Berhad, the government of Malaysia’s strategic investment fund, are partnering to buy 98% of CIMB Aviva Assurance Berhad, a Malaysian life insurance company, and CIMB Aviva Takaful Berhad, the Takaful arm of the organization.
Manulife Financial today announced an agreement to acquire independent financial planning firm Wellington West Financial Services Inc., from National Bank Financial Group. The deal will add 39 financial advisors and approximately $900 million in assets under administration to Manulife Securities.
Sun Life Assurance Company of Canada is partnering with Vietnam-based PVI Holdings to form a joint venture life insurance company, called PVI Sun Life Insurance Company Limited. The new company will deliver life insurance products to customers in Vietnam.