Saturday, 23 August 2014
Last updated 16 hours ago
Sep 2 2010 | 10:52am ET
Bank of New York Mellon has made its first foray into the Canadian advisory space with the acquisition of hedge fund and wealth adviser I(3) Advisors.
BNY announced the completion of its purchase, announced in June, of the former Canadian wealth management business of Ernst & Young today. I(3) has more than C$3.8 billion in assets under advisement. June Ntazinda remains CEO of the business.
According to Ntazinda, among the deal’s benefits for I(3) and its clients is increased access to hedge funds and alternative investments.
“Together, we will be able to build on the success of I(3) to offer a whole new level of service to wealthy investors,” Larry Hughes, CEO of BNY Mellon Wealth Management, said. “Canada’s high net-worth market represents a very attractive opportunity for BNY Mellon as we accelerate our global expansion and seize new opportunities in dynamic markets.”
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note