On April 23, 2025, National Bank of Canada (TSX: NA) announced it will acquire all shares of PGM Global Holdings Inc., the parent company of Montreal-based PGM Global Inc., a provider of institutional trading services for primarily North American clients. The acquisition will enhance the National Bank Independent Network's (NBIN) offering by integrating PGM Global’s decade-long expertise in complex market transactions and institutional trading infrastructure. PGM Global is dually registered with both the Canadian Investment Regulatory Organization (CIRO) and the Financial Industry Regulatory Authority (FINRA), positioning NBIN to better address cross-border client needs. While the transaction value was not disclosed, the bank confirmed it would not have a material impact on its financials. The deal is expected to close by late spring 2025, pending customary conditions and regulatory approvals. Legal and advisory services for PGM Global were provided by Sheumack GMA. At the time of publication, no foreign currency values were stated; hence, a Canadian dollar equivalent is not applicable. The parties emphasized a seamless client transition and a shared commitment to best-in-class service, with leaders from both organizations highlighting strategic alignment and scalability benefits for clients.