With asset managers' profit margins increasingly under pressure as fees fall and costs and client expectations rise, more industry consolidation is surely coming. But how quickly?
The Singapore state investor is integrating four of its asset management arms under one chief, with an eye on greater scale, product synergies and a shared technology platform.
The UK asset manager’s Asia chief reflects on the merger of Aberdeen Asset Management and Standard Life and on fund industry consolidation in general.
With talk of consolidation swirling around several big fund houses, AsianInvestor quizzes Aberdeen Standard’s Hugh Young and Mark Browning of Franklin Templeton about the trend.
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.