UPFRONT
INTELLIGENCE CORPORATE ACQUIRER
TARGET
PRODUCTS COMMENTS
Avison Young
Devencore
Avison Young’s purchase of Montreal-based Devencore will create one of the region’s largest commercial real estate firms
Deloitte Canada
Groundswell Group
The acquisition will enhance Deloitte’s AI and cloud transformation capabilities in Western Canada and nationally
Fiera Capital
AMP Capital
Fiera Capital’s purchase of AMP’s Global Companies capability will help bolster Fiera’s footprint outside North America
TD Bank Group
Headlands Tech Holdings
The acquisition of the electronic fixed income trading platform expands TD Securities' automated trading infrastructure and capabilities
Windsor Private Capital
Trez Capital Senior Mortgage Investment Corporation
Windsor has acquired a 10% stake in Trez Capital Senior Mortgage Investment Corporation via the purchase of 10,000 Class A shares
PARTNER ONE
PARTNER TWO
COMMENTS
CDPQ
Energize Ventures
CDPQ will co-invest up to $125 million in sustainable solutions alongside the global alternative investment manager
KPMG
Oracle
KPMG in Canada has expanded its relationship with Oracle to give clients access to the company’s next-generation cloud infrastructure
Stone Asset Management adds platform-traded funds
Stone Asset Management has launched two new platform-traded funds on the NEO Exchange. The Stone Growth Fund (SMGF) invests in North American companies; roughly half of its portfolio will be invested in Canadian securities, with the other half in US securities. Depending on market conditions, SMGF can raise or reduce geographic exposures on occasion. The second PTF, the Stone Covered Call Canadian Banks Plus Fund (SAMCC), invests in dividend-paying securities in the Canadian financial sector, applying a covered call optionwriting strategy to certain securities holdings.
TD Bank Group enhances automated trading
TD Bank Group has forged a deal to acquire Headlands Tech Global Markets, a Chicago-based quantitative fixed income trading company. Founded in 2013, with offices in Chicago and San Francisco, Headlands Tech Global Markets has developed proprietary software that delivers fully automated electronic market-making in municipal and investment-grade corporate bonds. The firm’s 15 employees, including co-CEOs Martin Mannion and Matthew Schrager, will join TD Securities after the deal has been finalized. “This acquisition further strengthens our electronic bond trading infrastructure and underscores our commitment to delivering data-driven innovation and growing our global platform,” said Bob Dorrance, chairman, president and CEO of TD Securities. “Headlands Tech Global Markets’ platform and people will expand our US capabilities in the municipal and corporate bond markets. We look forward to welcoming the team and working together to deliver an enhanced trading experience for our clients.”
8
Desjardins Investments updates mutual fund shelf
Desjardins Investments has made several changes to its mutual fund lineup. Effective April 1, all F-Class units and most C-Class units of the Desjardins Wise ETF Portfolios have received a management fee reduction of 5 basis points. In addition, in response to regulatory changes from the CSA that forbid payment of trailing commissions to executing brokers, Desjardins has abolished trailer fees for D-Class units of the Desjardins Funds and will reduce management fees by up to 25 basis points on all D-Class units of 61 Desjardins Funds.
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