Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Seymour Pierce enters takeover talks with Cantor Fitzgerald

Seymour Pierce enters takeover talks with Cantor Fitzgerald

US investment bank and bond broker Cantor Fitzgerald is in talks about a possible takeover of Seymour Pierce, in the latest round of consolidation of City trading houses.

Seymour Pierce, one of London’s oldest brokers, has been urgently seeking capital since the FSA ruled out an injection of money from Ukrainian businessman Denis Gorbunenko, reports the Financial Times.

Earlier talks with Panmure Gordon and N+1 Singer had fallen flat. ‘There was no certainty’ that the current talks would lead to a deal, an individual close to the discussion told the paper.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JP Morgan AM's Conte: why France is my biggest overweight

JP Morgan AM's Conte: why France is my biggest overweight

The European Smaller Companies trust fund manager is also finding opportunities within the European IPO market.

Brewin's Foster: running out of value with Sandy Nairn

Brewin's Foster: running out of value with Sandy Nairn

In this week's podcast, Guy Foster and Dr Sandy Nairn discuss caution towards the stretched valuations most stock markets today currently offer.

Play Colin McLean eyes disruptive potential

Colin McLean eyes disruptive potential

SVM's Citywire AA-rated manager says he is finding more opportunities within mid cap space.

Your Business: Cover Star Club

Profile: BRI plots growth via orphaned clients

Profile: BRI plots growth via orphaned clients

BRI Wealth Management hopes to capitalise on larger rivals’ inability to service smaller clients in the face of margin & regulatory pressure

Wealth Manager on Twitter