Business
Macquarie buys US ‘flash crash’ firm Waddell & Reed for $2.3b – The Australian Financial Review
Macquarie Group has intensified its position in the US active management sector with a $2.3 billion takeover of New York-listed Waddell & Reed Financial, a top-25…
After selling the wealth management business to LPL Financial, Macquarie will enter a long term partnership with the firm for strategic asset management.
Macquarie Asset Management boss Martin Stanley said the package of deals would significantly increase the groups growth prospects and diversity Macquaries client base.
Shawn Lytle, the president of Macquaries Delaware Funds business and the head of the company in the Americas, said the takeover was an important step forward in the strategy for…
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