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Raymond James Financial To Buy Canada-Based Asset Manager
Eliane Chavagnon
3 March 2015
Raymond James Financial is to acquire Cougar Global Investments, a Toronto-based asset manager, subject to approval by Canadian regulators. Terms of the deal were not disclosed. Founded in 1993, Cougar Global is a global asset allocation ETF strategist for high net worth individuals, families, foundations, trusts and institutions in Canada and the US. Raymond James’ wholly-owned subsidiary Eagle Asset Management will offer Cougar’s global asset allocation strategies to Eagle clients globally. Eagle has over $30 billion in assets under advisement from institutional, mutual fund and high net worth clients. After closing and the receipt of required regulatory approvals, Cougar will become a wholly-owned subsidiary of Raymond James Financial and a sub-advisor of Eagle.