M&A

UBS confirmed its intention to take over Credit Suisse back in March 2023 with the deal subsequently reported to be worth more than $3.25 billion.

The partnership will give Stifel’s institutional client base access to Marex’s multi-asset class custody, financing, securities lending, and capital introduction offerings.

The transaction is set to be completed in the first quarter of 2025 pending regulatory approval.

The joint, full-stack solution enables both the buy- and sell-side to manage shareholder disclosure obligations for long, short and takeover panel reporting, The TRADE understands.

Quant trading and algos key focuses for the much-anticipated joint venture between Societe Generale and AllianceBernstein going forward, The TRADE understands.

The transaction involves the transfer of two Rothschild portfolio managers, Cristina Jarrin and Mikael Dauvert, to Ellipsis.

The deal was first announced in November 2023; following close the CQS brand will be aligned where possible with Manulife as Manulife | CQS Investment Management.

The move follows a previous collaboration between the parties which saw TD Securities’ Chicago-based subsidiary TDSAT use Google Cloud’s Kubernetes Engine (GKE) capabilities.

The transaction is expected to close later this quarter and create a the newly combined entity co-branded as Clearwater Wilshire Analytics.