Weil, Gotshal & Manges has advised Bank Pekao S.A. on the integration of its brokerage business within its capital group.
According to Weil, Dom Maklerski Pekao, a separate organizational unit of Bank Pekao, will provide the brokerage activity conducted to date by Centralny Dom Maklerski Pekao S.A., Pekao Investment Banking S.A., and Dom Inwestycyjny Xelion sp. z o.o.
Weil reports that, after the integration, Pekao Investment Banking will provide investment banking services and Dom Inwestycyjny Xelion will concentrate on intermediation, investment advice, and offering of financial instruments using its own network of investment firm agents. Other brokerage activities of these entities are being transferred to Bank Pekao.
The closing of the integration of the brokerage business is expected in January 2020.
Weil’s Warsaw team was led by Partner Lukasz Gasinski, supported by Associate Katarzyna Lukaszewicz.