Company Moves: FirstCaribbean International Bank, Ladenburg Thalmann, JCRA Group, APS Wealth Management, Markel, Axxium Assurance, Zito

Pedro Gonçalves
clock • 2 min read

CIBC Canadian Imperial Bank of Commerce (CIBC) has reached an agreement to sell a controlling stake in its Caribbean entity FirstCaribbean International Bank to GNB Financial Group. GNB will purchase 66.73% of the shares of FirstCaribbean, subject to the approval of local regulators. Following the close of the transaction, CIBC will remain a 24.9% minority shareholder of FirstCaribbean and will benefit from various minority shareholder protections, as well as liquidity rights in respect of its minority stake. Advisor Group Advisor Group has agreed to buy Ladenburg Thalmann Financial...

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