SunTrust Nets $265M In RidgeWorth Unit Sale To Lightyear
Atlanta-based RidgeWorth, which has $50.6 billion under management, will become an independent asset management company with "significant" employee equity ownership, the companies said. RidgeWorth's six boutiques invest in trading, compliance, technology, accounting, distribution and marketing. The deal is expected to close in the second quarter of 2014.
"This transaction marks an inflection point...
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