Announced
Completed
Financials
Tags
Friendly
Puerto Rico
Single Bidder
Uruguay
Private
financial services
Acquisition
Majority
Diversified Financials
Cross Border
Completed
Synopsis
Insigneo Financial Group, a Miami-based independent broker-dealer, completed the acquisition of Citi International Financial Services and Citi Asesores, the Puerto Rico and Uruguay units of Citigroup. Financial terms were not disclosed. “This acquisition is truly transformational for Insigneo as it adds significant scale to our business and expands the reach of our platform, while enhancing our product offering by providing access to Citi’s banking solutions," Raul Henriquez, Insigneo Chairman and CEO.
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