Global investment manager
Stein Roe will become part of
Under the terms of the deal, the $117.5 million payment includes 60% in cash and the remaining 40% in Amvescap ordinary shares, plus an additional payment of $43 million contingent upon client retention targeted revenue growth.
"This combination brings together a distinguished investment counseling firm with our integrated private wealth management and trust capabilities," Chief Executive and Chairman Donald Herrema said in a statement.
Amvescap currently has $345.2 billion in total assets under management and operates principally through the
