Dow Jones

CHICAGO — Dain Rauscher Corp. agreed to acquire ABN Amro Holding NV’s Chicago-based private-client brokerage office.

Financial terms weren’t disclosed.

In a press release Monday, Dain Rauscher said that after the deal its Chicago office would double in size, with the addition of 41 employees, including 24 registered investment executives.

Peter Wendell, manager of ABN Amro’s private-client office in Chicago, is to be managing director of Dain Rauscher’s Chicago branch office.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.