COMPANIES Macquarie, the Australian investment bank, has strengthened its North American wealth management business by agreeing to acquire Canada’s Blackmont Capital, in the latest sign of the bank’s push to expand outside Asia.
The move to buy the independent Canadian investment dealer for C$93.3m ($87.7m) comes as Macquarie enters the final stage of talks to buy the investment banking operations of Sal Oppenheim, one of Europe’s largest private banks. It also follows a string of acquisitions in North America this year.
