CIBC and two groups of private equity firms are considering making an offer for Russell Investments, according to a report.
TIAA-CREF has agreed to purchase Nuveen Investments for US$6.25 billion ($6.85 billion) from private equity firm Madison Dearborn Partners.
Great-West Financial, the American subsidiary of Great-West Lifeco, has reached an agreement to acquire J.P. Morgan Retirement Plan Services' large-market recordkeeping business for an undisclosed amount.
Morneau Shepell is acquiring Groupe AST, the largest workers' compensation provider in Quebec, from ADP Canada.
BMO Financial Group has reached an agreement to buy F&C Asset Management for £708 million (C$1.3 billion).
BMO Financial Group has made a preliminary offer of £697 million ($1.28 billion) to acquire London-based F&C Asset Management.
Desjardins Group has signed an agreement to purchase State Farm Canada's businesses in life and property and casualty insurance, as well as its Canadian mutual fund, loan and living benefits companies.
CIBC has completed the acquisition of Atlantic Trust Private Wealth Management, a U.S.-based private wealth management firm, from Invesco for US$210 million ($223.9 million).
Manulife Financial has completed a sale in Taiwan and a purchase in Malaysia.
Aberdeen Asset Management has signed a deal to acquire Scottish Widows Investment Partnership from Lloyds Banking Group for about £660 million ($1.1 billion).