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. Columbia Threadneedle to assume BMO EMEA asset management business 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. C...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
