Atlanta-based SunTrust had been in talks since April with Henderson Group, the United Kingdom’s third-largest unlimited lucre command firm. But Henderson Group released a utterance Friday saying it terminated the negotiations because both "parties have not reached deal on terms." A SunTrust spokesman said the bank had no additional footnote beyond its own disclosure that it continues to about its options. SunTrust has more than $211 billion in mount up to assets under advisement for clients, including $122.7 billion under dictate management. RidgeWorth, which has $65.1 billion in assets under operation for its retail and institutional investors, has an ownership chain in eight boutique investment firms.
The subsidiary is based in Atlanta and employs 225 family middle its boutique firms, including 112 in metro Atlanta. RidgeWorth was at one time Trusco Capital Management, which changed the baptize in the fount of 2008 as parcel of a unripe marketing strategy.
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