Macquarie completes Canadian acquisition
Macquarie Group’s presence in Canada has expanded, with the company having advised the Australian Stock Exchange that it has completed the acquisition of Canadian firm Orion Financial.
Macquarie announced an intention to acquire Orion in late September and said today that the transaction had been completed.
It said that when combined with Macquarie’s existing Canadian investment banking business, the acquisition of Orion’s advisory, equity research, sales and trading platform had created a leading investment banking and securities franchise in Canada.
AUTHOR
Mike Taylor
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
