Desjardins Group to acquire Hexavest.

Desjardins Group, a Canadian financial services cooperative, agreed to acquire Hexavest, a boutique investment firm. Financial terms were not disclosed. The acquisition is expected to be finalized around September 1, 2021. "I'm very proud to welcome the Hexavest team to Desjardins. This acquisition is an opportunity for us to leverage our shared client-centric values to enhance our services to institutional clients. This will give Desjardins the opportunity to fill a broader set of client needs and do even more for the well-being of people and the community. This transaction also allows us to consolidate Montreal's position as an asset management hub," Guy Cormier, Desjardins President and CEO.