M&A

The move follows the signing of a Memorandum of Understanding between DWS and Nippon Life India Asset Management Ltd (NAMI) back in November 2025. 

The acquisition is expected to close before September 2026 and is set to bolster the UK-based asset manager’s platform through enhanced investment capabilities and a broader client base.  

Upon completion of the deal – slated for Q4 2026 – the new entity will be one of largest active asset management firms globally, with almost $2.5 trillion of assets under management.

The merger – which is currently scheduled to complete in Broadridge's fiscal fourth quarter – is expected to provide an end-to-end trading suite for global futures and options markets.  

The firms have entered into a announce a strategic collaboration - effective immediately - designed to leverage Kepler Cheuvreux’s research expertise.

MIAX will retain a 10% equity stake as part of the transaction, which is expected to facilitate the firm’s entry into prediction markets for both its institutional and retail clients.  

The move is expected to expand the firm’s presence across equity derivatives and fixed income markets, particularly in APAC, while simultaneously supporting Vantage’s growth in the US.  

BNP Paribas entered into a definitive agreement to acquire AXA Investment Managers in a €5.1 billion deal in August 2024. 

Counting down from seven to four of the most read news stories on The TRADE over the past year, featuring BlackRock, UBS, CME, StoneX, and more.