zuloraxelewo.blogspot.com
Terms of the deal, which is expected to closde in the third werenot disclosed. City National will mergew Lee Munderwith , a Boston-basedd institutional asset management firm in whicb City National holds a majority interest. The new company will operate under the Lee Munder Capital Group name and as an affiliateof LLC, the Chicago-basef asset management holding company that City National acquirede in 2003. The combined company will have morethan $4 billio n of assets under management and serve as City National'e primary institutional asset managemenf affiliate.
"The combined firm will have the managemeng andinvestment talent, financial strength, infrastructure and marketing capabilities needer to grow and providwe clients with long-term investment performance and superiorf service," Richard Gershen, executivew vice president of wealth management for City National, said in a Los Angeles-based City National (NYSE: CYN) is the parent of City Nationalk Bank.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment