10:36 AM EDT, 03/23/2026 (MT Newswires) -- Guardian Capital Group ( GRCGF ) reported Monday the successful completion of the previously announced acquisition of Guardian by Desjardins Global Asset Management (DGAM), an affiliate of Desjardins Group.

The C$1.67 billion deal allows the combined business to oversee about $280 billion in combined assets under management, Guardian said.

According to Guardian, the transaction significantly expands the scope of the investment solutions that the combined company can provide to clients, partners and members.

Effective on closing, George Mavroudis, president and chief executive officer of Guardian, was appointed as president and CEO of DGAM.

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