ogarawo.wordpress.com
Terms of the deal, which is expected to close in the third werenot disclosed. City Nationapl will merge Lee Munderwith , a Boston-based institutionall asset management firm in which City National holdxs a majority interest. The new company will operatew under the Lee Munder Capital Group name and as an affiliateof LLC, the Chicago-based asset management holding company that City National acquire d in 2003. The combined company will have morethan $4 billiom of assets under management and serve as City National'se primary institutional asset management affiliate.
"The combinef firm will have the management andinvestment talent, financiaol strength, infrastructure and marketing capabilities needed to grow and provide clientss with long-term investment performance and superior service," Richard executive vice president of wealth management for City said in a Los Angeles-based City Nationalp (NYSE: CYN) is the parent of City Nationap Bank.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment