Seymour Pierce in merger talks with US bank

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By Miles Johnson

Published: December 6 2010 23:55 | Last updated: December 6 2010 23:55

Seymour Pierce is in advanced merger talks with a US financial group which could transform one of the City’s top independent stockbrokers into a New York-listed investment bank and insurer worth more than $600m.

Gerova Financial Group, a New York Stock Exchange-quoted reinsurer, approached Seymour Pierce last month about combining the two groups, said people familiar with the talks.

EDITOR’S CHOICEAlchemy nears Seymour Pierce deal - Jun-25Seymour Pierce MD resigns - Jan-05

Errors found in deal involving client

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