Category: Institutional

Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
July 04, 2025 BY Sam Boughedda

Broadridge Agrees Deal to Acquire Acolin

The move is expected to bolster the company’s efficiency and transparency of European fund distribution. The deal will see Broadridge expand its capabilities across Europe, integrating Acolin’s compliance and fund launch support services with its own suite of distribution data, regulatory communication, and analytics offerings. “Acolin’s fund distribution technology and compliance capabilities complement Broadridge’s distribution…

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July 03, 2025 BY Sam Boughedda

Chesnara Agrees Deal to Acquire HSBC Life UK Limited

The deal will add approximately £4 billion in assets under administration and around 454,000 policies to Chesnara’s portfolio.  It is expected to complete in early 2026, subject to regulatory approvals. The transaction will be funded through a combination of £55 million in internal cash, a £65 million drawdown from an amended revolving credit facility, and…

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July 02, 2025 BY Sam Boughedda

OTC Markets Group Announces 'Major Structural Upgrade' to US OTC Equities Markets

It replaces the former Pink Current Market with what is said to be a more transparent, rules-based tier aimed at improving disclosure and investor confidence. The newly launched market requires companies to meet specific benchmarks, including quarterly and annual financial reporting, management certifications, and up-to-date company profiles.  “We’re supporting companies that choose to connect with…

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July 02, 2025 BY Sam Boughedda

Santander to Acquire TSB from Sabadell in £2.65 Billion Deal

The deal will see TSB integrated into the Santander UK group, making it the third-largest bank in the UK by personal current account balances. It would also be the fourth largest when it comes to mortgages. Santander said the acquisition values TSB at 5x projected 2026 earnings after synergies and 1.45x tangible book value as…

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StoneX
July 01, 2025 BY Sam Boughedda

StoneX Signs Letter of Intent to Acquire Intercam’s US Wealth Management Entities

The deal marks a strategic move by the global financial services firm to deepen its presence in Latin America and broaden its investment product offering.  The proposed acquisition is subject to the negotiation and signing of definitive agreements, regulatory approvals and standard closing conditions. “This transaction aligns with StoneX’s strategy of expanding its global wealth…

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Clearstream
June 30, 2025 BY Sam Boughedda

Clearstream Announces Launch of Tri-Party Collateral Management Solution with ECMS Go-Live

The move is seen as a milestone in post-trade infrastructure harmonisation across Europe. Following the ECMS go-live on 16 June 2025, Clearstream became the only central securities depository (CSD) to offer full tri-party collateral management integration with the European Central Bank’s new platform.  The ECMS is said to replace previously fragmented national systems, creating a…

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NatWest branch1
June 27, 2025 BY Sam Boughedda

NatWest and Marex Partner on New Cross Margining Solution

The partnership aims to enhance margin efficiency for clients active in foreign exchange markets. According to a press release, the initiative will allow clients who access FX Futures through Marex and use NatWest’s FX prime brokerage services to benefit from margin offsets.  This is expected to reduce collateral requirements while maintaining clients’ preferred trading relationships.…

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BMO Financial Group Office photo
June 20, 2025 BY Sam Boughedda

BMO Agrees $625m Deal to Acquire Burgundy Asset Management

The move expands the bank’s wealth management services for high-net-worth and ultra-high-net-worth clients. The transaction will see Burgundy, an independent wealth manager with around $27 billion in assets under management as of May 31, integrated into BMO Wealth Management.  Burgundy’s expertise is said to be in its discretionary investment management for private clients, foundations, pensions,…

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