January 4, 2010 (FinancialWire) Macquarie Group (ASX: MQG) (OTC: MQBKY) said it has completed its acquisition of Blackmont Capital from CI Financial.
Effective January 1, 2010, the Blackmont business and its employees will be integrated into Macquaries global retail advice and distribution activities.
The business, which will be rebranded Macquarie Private Wealth from February 1, 2010, will offer independent and differentiated financial advice across its 13 offices in Canada.
According to Macquarie, the acquisition enhances the firms global retail financial services business, with extensive operations throughout Asia, United Kingdom and Australasia.
Macquarie Group is a provider of banking, financial, advisory, investment and funds management services. Macquarie operates in more than 70 office locations in 28 countries.
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