The impacts of the pandemic have been more significant for some pension funds than others, prompting renewed talk of mergers between smaller funds.
But while Morningstar sees the bond house as the "strength" of Franklin Templeton's takeover of Legg Mason, the merged firm may be vulnerable to competition from index fund managers.
The fund industry’s latest mega-takeover has big implications for the two firms and for their clients in Asia. AsianInvestor looks at issues that the deal raises.
The Swiss asset and wealth manager is shutting its Hong Kong operation, a move that came as no surprise to market observers. More industry closures and consolidation are expected.
Singapore’s DBS is hungry for more acquisitions after agreeing to buy ANZ’s Asia retail and wealth business. But ABN Amro’s Asian private bank may be another step too far, too fast.
New Silkroutes Group has bought 51% of multi-family office Stamford Management, amid expectations of further wealth industry consolidation.