Wintrust Financial and Rothschild & Co announced they have entered into an agreement for Wintrust to acquire two asset management businesses from Rothschild & Co North America. Wintrust’s subsidiary, Great Lakes Advisors, agreed to purchase Rothschild & Co Asset Management US Inc. and Rothschild & Co Risk Based Investments, investment managers with approximately $8B in assets under management specializing in equity investment strategies for institutional, intermediary and other clients. Upon completion of the transaction, Rothschild & Co Asset Management U.S. will merge into and operate the business as Great Lakes Advisors. The terms of the transaction are not being disclosed. The transaction is expected to be completed early in the first quarter of 2023, subject to certain closing conditions.
Published first on TheFly
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