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Publicatie datum 04 okt 2005 - 13:06
Statutaire naam Ageas N.V.
Titel Fortis Completes Acquisition of Dryden Wealth Management
Bericht After having obtained all required regulatory approvals, Fortis has today successfully completed the purchase of Dryden Wealth Management (‘Dryden’) from Prudential Financial, Inc. of the United States for USD 102 million or EUR 84 million. Dryden is now wholly owned by Fortis. Effective immediately, Dryden’s sales offices and most employees in the UK, Monaco, the Netherlands, Switzerland, Hong Kong, Singapore, and Taiwan, in addition to Dryden’s Geneva-based bank, will transfer to Fortis. Dryden will be a part of the Fortis Commercial & Private Banking business unit and will begin to operate under the Fortis name as from 2006. Fortis Commercial & Private Banking CEO Karel De Boeck said: “The acquisition of Dryden represents for us a unique opportunity to simultaneously develop wealth management platforms in the UK and Monaco, strengthen our Private Banking presence in Asia, the Netherlands and Switzerland and generate attractive revenue synergies.” Carol Robbins, the former Chairman & CEO of Dryden added: “This is an exciting time for Dryden and its employees. Two impressive wealth management businesses are coming together with a strong strategic and cultural fit. I am confident that Dryden will flourish under Fortis and continue to provide clients with premier wealth management services and advice.” This final sale does not impact other international investment, insurance and asset management businesses of Prudential Financial, Inc. in Europe and Asia. Specifically, the operations of Bache Derivatives and Bache Equity in the UK and Continental Europe are not directly affected by the completion of this transaction. Fortis Press Contacts: Brussels: +32 (0)2 565 35 84 Utrecht: +31 30 226 32 19 Investor Relations: Brussels: +32 (0)2 510 53 91 Utrecht: +31 30 226 32 20 Prudential Financial, Inc.: Lisa Villareal +1 973 367 2503 Mobile +1 973 517 6901 Dryden Wealth Management Limited offers non-US clients local and offshore discretionary investment

Datum laatste update: 15 juni 2024