Ameria Asset Management, a member of Ameria Group of Companies, has merged with US-based Cascade Investments, according to ARKA News Agency.
Following the merger, Ameria Asset Management is now the successor of Cascade Investments.
Ameria said that deal comes to confirm the desire of the firm to become a dynamic leader in the financial sector of the region.
The transaction will expand Ameria Asset Management’s range of its services, and will help attract also many new customers to participate in the first share fund, which is expected to be presented to the market in the IV quarter of 2013.
Ameria said: "By combining the best practices of the two companies, Ameria Asset Management will create new opportunities for the development of the investment management market and better services for its customers."