Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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.
Your Business: Cover Star Club

Profile: John Brett's big plans for Anderson Strathern

Profile: John Brett's big plans for Anderson Strathern

After a high flying role at Aberdeen, Anderson Strathern's new boss explains why he switched product distribution for private clients

Wealth Manager on Twitter