Staff
Scotiabank has closed the transaction to buy 40% of Aurion Capital Management shares.
Financial terms of the deal were not disclosed.
In February 2011, Scotiabank acquired majority ownership of Aurion Capital through its acquisition of DundeeWealth. DundeeWealth purchased a 60% stake in Aurion Capital in July 2008.
Aurion Capital is an investment management firm focused on institutional investors, as well as private client and sub-advisory mandates.
Founded in 1996, Aurion Capital has $6.1 billion in assets under management and advises on $4.8 billion of assets in a fiduciary investment management mandate.
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