Falcon Private Bank, the Abu Dhabi-owned entity which bought the London unit of Clariden Leu, is eyeing more acquisitions in the boutique wealth management sector as the industry consolidates to cut costs, Reuters has reported. Falcon, which has around $12bn in assets, is evaluating more such opportunities, said chief investment officer David Pinkerton. "We have a process underway to evaluate opportunities but we are also cognizant of the fact that you need to integrate these acquisitions efficiently to succeed. There is no pressure on us to do a deal next year," Pinkerton said.
http://www.ameinfo.com/falcon-eyeing-acquisitions-322161
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