Late year corporate manoeuvres involving Natixis and Generali, and separately Canaccord Genuity, were reported by the Financial Times over the last 24 hours.
Canaccord Genuity has reportedly launched a strategic review of its UK wealth management business amid ongoing consolidation in the sector.
The Canadian firm is working with London-based Fenchurch Advisory Partners to assess the future of Canaccord Genuity Wealth Management (CGWM), the FT reported today (26 November) , citing two people familiar with the matter.
The review’s potential outcomes could range from a sale of the business to bringing in another investor, it was reported.
Canaccord and Fenchurch declined to comment.
Natixis Investment Managers is in early-stage talks with Italian insurer Assicurazioni Generali about a potential tie-up, the FT reported on 25 November, citing several people familiar with the matter.
Terms haven't been agreed and it is uncertain whether the talks will lead to a deal between the French asset management company and Generali, according to the FT.
Groupe BPCE, the majority owner of Natixis, declined to comment to FT. Generali declined to a request for comment by Dow Jones Newswires.
