trending Market Intelligence /marketintelligence/en/news-insights/trending/qunxv1k1v0egxcgrsrd1vq2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Dundee is selling unit to Echelon Wealth Partners in C$4M deal

Blog

Banking Essentials Newsletter: May Edition

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks


Dundee is selling unit to Echelon Wealth Partners in C$4M deal

Dundee Corp. is selling unit Dundee Securities Ltd. to Echelon Wealth Partners Inc. for C$4 million.

The transaction is expected to provide Dundee with additional liquidity of up to C$5 million and ongoing cost savings. In October, about $15 million of regulatory capital supporting Dundee Securities was provided to Dundee Corp.

Investment professional Les Sherman and his team will join Echelon Wealth Partners in their Toronto office as part of the transaction.

The transaction is due to close at the end of business on Dec. 14. All required regulatory approvals have been received.