Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

11416

TD to acquire Epoch Investment Partners

RELATED TOPICS​

Epoch Investment Partners is to be acquired by TD Bank Group for approximately USD668m in an all-cash transaction.



Epoch Holding Corporation shareholders will receive USD28.00 in cash per share, representing a premium of approximately 28 per cent to Epoch’s closing price on 5 December 2012.

"We’ve been looking for an opportunity to acquire a US asset manager to build our North American wealth business, which is a key growth area for TD," says Mike Pedersen, group head, wealth management, insurance and corporate shared services, TD. "This acquisition makes strategic sense for TD.  It will broaden our offer for institutional and retail clients in Canada and will immediately and significantly strengthen our US wealth business."

Epoch is an asset management firm with an excellent record of investment performance and a strong and experienced management team. Epoch’s investment strategies have exceeded their performance benchmarks over the past five years. Founded in 2004 and headquartered in New York City, Epoch has 65 employees.

"Epoch is pleased to be joining forces with TD, whose financial strength will enhance our competitive advantage as we continue to deepen and expand our capabilities," says William W Priest (pictured), chief executive, Epoch Investment Partners. "We are confident that this transaction will strengthen Epoch’s existing franchise and further support our client focused efforts. Our investment management philosophy aligns with TD’s long-term strategy. This transaction allows us to combine Epoch’s US and global equities expertise with TD’s client-centric approach."

Epoch Holding Corporation’s board of directors has unanimously recommended this transaction to their shareholders for approval.

With this transaction, TD expects to add approximately USD24bn in assets under management at closing to the USD207bn already under management by TD Asset Management. Following the completion of the transaction, Epoch will continue to operate and serve clients under its current brand name and operating structure.

Latest News

Bequant has announced that it has launched a new capital introduction platform designed specifically for..
ndosuez Wealth Management has announced the launch of Indosuez Funds - Chronos Green Bonds 2028,..
New global research from industry association Global Digital Finance (GDF) shows most major financial institutions..

Related Articles

graph
The exodus from hedge funds continues with investors questioning unswayed by relatively strong performance from the alternative asset class...
The exodus from hedge funds continues with investors questioning unswayed by relatively strong performance from the alternative asset class...
Waves
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published, entitled The urgent need for better ocean-related data to make informed investment decisions...
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published,..
Frozen soap bubble
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct Authority says has a simple aim: “Financial products that are marketed as sustainable should do as they claim and have the evidence to back it up.”..
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct..
Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by