RBC to acquire Mourant Private Wealth
19 December 2008
JERSEY, Channel Islands, December 19, 2008 — Royal Bank of Canada (RBC) – RY on NYSE and TSX – today announced it has signed an agreement to acquire Mourant Private Wealth, the 47 employee private client trust business of Mourant Limited (Mourant), whose group of businesses includes one of the leading offshore law firms Mourant du Feu & Jeune.
EFG International continues to develop its business in France
11 December 2008
On 25 July 2008, EFG International completed the acquisition of specialist wealth manager Sycomore Gestion Privée, based in Paris. The business has a focus on discretionary investment management for wealthy individuals, and is led by Fabrice
Moullé-Berteaux and Antoine Lacourt. At the time the acquisition was announced, it had five employees, including four Client Relationship Officers (CROs) and total clients’ Assets under Management (AUM) of EUR 500 million (CHF 800 million).
Bank of America Shareholders Approve Merrill Lynch Purchase
5 December 2008
CHARLOTTE, N.C., Dec. 5 /PRNewswire/ — Bank of America Corporation shareholders during a special meeting today approved the acquisition of Merrill Lynch & Co., Inc. by authorizing the shares of common stock to be issued in the merger.
