Overview

• Desjardins will pay $68 per share in cash, valuing Guardian Capital at about $1.67 billion.
• The transaction requires court, shareholder and regulatory approvals with an expected close in the first quarter of 2026.
• The combined organization would oversee roughly $280 billion in assets across Desjardins Global Asset Management and Guardian.
• Guardian chief executive George Mavroudis will lead the combined firm, with Desjardins executive Nicolas Richard joining its leadership team.
• Desjardins also plans to reduce service centres and ATMs by about 30% before 2027 as it reshapes operations.