The coronavirus pandemic put the brakes on merger and acquisition activity within asset and wealth (M&A) management in 2020, but as the global economy begins to reopen the impact of the crisis is expected to "accelerate" the pace of new deals within the sector.
Globally, there has been a strong start to 2021 with 314 asset and wealth management M&A deals completed as of 5 April, just short of the record 339 deals made over the same period in 2018, data from Refinitiv shows. In the UK, the record has been broken with 63 deals so far in 2021, surpassing the previous record of 41 deals set in 2018. Significant recent M&A deals have included the sale of BMO's EMEA asset management business to Columbia Threadneedle, and the ongoing negotiations for Amundi to acquire Lyxor. Cost pressures stemming from regulation and the rise of passive investi...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes