TORONTO, Aug. 21, 2017 (GLOBE NEWSWIRE) -- While it is the policy of AGF Management Limited (TSX:AGF.B) not to confirm or deny market rumours, in response to media reports in the U.K. regarding a potential change to its investment in Smith & Williamson, a private client business based in the U.K., AGF confirms that Smith & Williamson, a company which AGF currently owns 32.3% of, is in exclusive discussions with Rathbone Brothers regarding a possible merger of the two companies.
While these discussions are ongoing, there can be no certainty these will lead to a transaction. As such, AGF does not intend to make any further press release or announcement regarding these matters unless and until a binding, definitive transaction agreement is entered.
About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is a diversified global asset management firm with retail, institutional, alternative and high-net-worth businesses. As an independent firm, AGF strives to help investors succeed by delivering excellence in investment management and providing an exceptional client experience. AGF’s suite of diverse investment solutions extends globally to a wide range of clients, from financial advisors and individual investors to institutional investors including pension plans, corporate plans, sovereign wealth funds and endowments and foundations.
AGF has investment operations and client servicing teams on the ground in North America, Europe and Asia. With approximately $35 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.
About Smith & Williamson
Based in London, United Kingdom, Smith & Williamson Holdings Limited is a leading independent, private client investment management, financial advisory and accounting group.
About Rathbone Brothers
Rathbone Brother Plc is a FTSE 250 company listed on the London Stock Exchange. Through its subsidiaries it is one of the UK’s leading providers of high-quality, personalized investment and wealth management services for private clients, charities and trustees.