HKEX to set up New York office to grow international presence
Hong Kong Exchanges and Clearing Limited (HKEX) is reportedly planning to open a new office New York to grow its international footprint. The new office, which have only about five…
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London Stock Exchange to pay £274m for Quantile Group
London Stock Exchange Group (LSEG) has agreed to purchase Quantile Group for a maximum aggregate…
Citigroup files for securities licence in China
Citigroup has applied for a securities licence in China in a bid to ramp up its presence in the world’s…
Ritholtz Wealth Management, WisdomTree partner on ne crypto index
Ritholtz Wealth Management (RWM) has joined forces with WisdomTree to launch a new crypto index for retail investors. Dubbed RWM…
Xen Capital rakes in $7.5m to bolster alternative investment platform
Xen Capital has secured $7.5m in a Series A round led by Headline Asia to bolster its B2B2C alternative investment…
Mercer Advisors bolsters New York footprint with purchase of Mirsky Financial
Mercer Global Advisors has acquired New York-based wealth management firm Mirsky Financial Management Corporation (MFMC). The acquisition, whose financial terms…
DAI strengthens investment management arm with MicroVest deal
DAI has acquired registered investment adviser (RIA) MicroVest Capital Management to further fortify its investment management arm, DAI Capital. Financial terms of the deal were not disclosed. Established in 2003,…
abrdn to scoop up interactive investor in $2bn deal
British asset manager abrdn is set to buy subscription-based investment platform interactive investor for £1.49bn in cash. The company said the deal would significantly enhance its presence and growth opportunities…
BNY Mellon’s Pershing to buy Optimal Asset Management
BNY Mellon's Pershing has signed a deal to purchase Optimal Asset Management, which provides a direct indexing solutions. The acquisition, whose financial details are not known, forms part of the…
Apollo brokers deal to buy Griffin to bolster global wealth business
US-based alternative asset manager Apollo has agreed to buy the US wealth distribution and asset management businesses of Griffin Capital in an all-stock deal. Financial terms of the deal were…
Aspiriant snaps up HearthStone Private Wealth Management
US-based wealth management firm Aspiriant has acquired San Diego-based wealth management firm HearthStone Private Wealth Management. Financial details of the transaction were not disclosed. HearthStone manages approximately $350m in assets…
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