Desjardins Group to acquire Guardian Capital Group in a CAD1.67bn deal.

Desjardins Group, a financial services company, agreed to acquire Guardian Capital Group, a global investment management company, in a CAD1.67bn deal. “Desjardins has a clear and focused vision for growth in asset management, and this acquisition will strengthen our position in the Canadian financial services landscape. By combining our strengths with Guardian, we are building a leading platform with the scale, capabilities, and reach to serve investors in Canada and around the world. This is more than a transaction—it’s a strategic leap that reflects our enduring commitment to innovation, excellence and long-term value creation. For 125 years, Desjardins has evolved to meet the changing needs of Canadians. Today, we reaffirm our ambition to lead with purpose and create even greater benefit for our members and clients," Guy Cormier, Desjardins Group President and CEO.