Insigneo Units to Buy Certain Accounts From Segments of PNC Financial Services
21 Agosto 2023 - 5:43PM
Dow Jones News
By Denny Jacob
Insigneo business units entered into a definitive agreement to
acquire certain accounts overseen by segments of PNC Financial
Services Group.
The wealth-management firm said Insigneo Securities and Insigneo
Advisory Services agreed to buy the Latin American consumer
brokerage and investment accounts of PNC Investments, PNC Managed
Account Solutions, and PNC Bank.
Terms of the deal weren't disclosed.
PNC would retain the deposit and loan accounts of customers with
brokerage assets and assets under management moving to Insigneo and
would continue to support the U.S. banking needs of its
international clients.
Insigneo said the acquisition is expected to close in the coming
months.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
August 21, 2023 16:28 ET (20:28 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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