Eagle boosts DB & G

Bunting

THE ACQUISITION of Eagle Unit Trusts Management Company in the first quarter of this year boosted total assets of investment banker Dehring, Bunting & Golding (DB&G), as at March 31, 2000, from $5.7 billion in the previous year to $12.3 billion.

Total assets include assets held on behalf of clients in which DB&G has an interest.

Profit after tax increased by $9.5 million to $18.3 million, an increase of 108 per cent when compared with the same period of the previous year. DB&G, headed by Peter Bunting, completed the acquisition of the company in the first quarter of 2000 and re-named it DB&G Unit Trusts Managers.

The Group recorded $488.8 million in gross operating revenue for the quarter ending March 31, 2000, an increase of $190.3 million, or 64 per cent, over the previous year's figure.

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