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?
Speculation is swirling about Prudential's plans for its Asian asset management arm after it parted ways with three top executives. AsianInvestor outlines various potential outcomes.
Amid the industry-wide criticisms being levelled at the Australian superannuation industry are claims that both funds and super players need to merge together. It won't be easy.
Further fund manager consolidation could focus on asset management arms of life insurers that have been affected by new risk based capital rules.
A combination of factors are squeezing the margins of asset managers, and leading more to consider mergers to cut costs and attract more investors.
Natixis's acquisition of MV Credit shows how asset managers are bulking up their private market capabilities as investor demand grows for non-traditional, higher-yielding assets.
Fiera Capital is eyeing a dozen potential acquisitions globally, targeting a 50% AUM increase by 2020 as the need for more scale and alt asset expertise grows across the funds industry.
Fullerton Fund Management will manage the insurer’s public-asset portfolio as part of the all-Singaporean deal, say sources familiar with the matter.
APS founder and CIO Wong Kok Hoi discusses the Singapore firm’s alliance with US-based Rothschild Asset Management and says a larger agreement is coming.
Credit Agricole's private bank will remain sub-scale in Asia even if it buys CIC's Hong Kong and Singapore wealth business in a newly proposed deal, say industry observers.
The deal will create an entity with $45 billion under management in Asia, but there are obstacles to integrating the businesses, note industry observers.
The Dutch bank is making an announcement about the sale to LGT at a townhall meeting this afternoon.