Desjardins Group has signed an agreement to purchase State Farm Canada's businesses in life and property and casualty insurance, as well as its Canadian mutual fund, loan and living benefits companies.
CIBC has completed the acquisition of Atlantic Trust Private Wealth Management, a U.S.-based private wealth management firm, from Invesco for US$210 million ($223.9 million).
Manulife Financial has completed a sale in Taiwan and a purchase in Malaysia.
Aberdeen Asset Management has signed a deal to acquire Scottish Widows Investment Partnership from Lloyds Banking Group for about £660 million ($1.1 billion).
A subsidiary of Manulife Financial has signed a deal to acquire MAAKL Mutual Bhd, a unit trust company based in Malaysia.
Morneau Shepell is growing its children support solutions practice in Canada.
Morneau Shepell has acquired Collage Pediatric Therapy, a privately held group of professionals dedicated to providing multidisciplinary health services to children.
Global investment management firm AllianceBernstein will acquire W.P. Stewart, an asset management company, according to a definitive agreement the two sides have just reached.
Aston Hill Financial Inc. has just completed its acquisition of an 80% interest in the closed-end fund business of Connor, Clark & Lunn Capital Markets Inc.
Xerox has purchased Toronto-based CPAS Systems, which provides pension administration software to the private and public sectors.