ABN AMRO Holdings of Amsterdam will acquire Alleghany Asset Management of Chicago for $825 million, the companies announced last week.

The acquisition will increase ABN AMRO's global assets by 40 percent to $155 billion. Alleghany gives ABN AMRO more than 550 institutional clients in North America, according to a statement from ABN AMRO.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.