There seems to be no end in sight for the asset management M&A surge as Lansdowne Partners takes over Crux AM, while Franklin Templeton is set to acquire Putnam Investments.
The move will help bring increased liquidity, transparency and efficiency to Australian and New Zealand fixed income markets.
Expected to close by the end of the year, the acquisition will help accelerate Mizuho’s investment banking growth strategy; latest in a string of recent acquisitions over the last few months.
UBS said it is “evaluating all options for Credit Suisse’s Swiss business”; group financial chief to depart following closing of transaction.
Following a littering of mergers and acquisitions announcements in the last few weeks, Northern Trust’s global head of capital markets client solutions, Gerard Walsh, sits down with The TRADE to explore why this consolidation is happening now and what it might mean for the markets.
Acquisition is set to be completed by the fourth quarter and creates a combined asset manager with £53 billion in assets under management and administration.
The all-cash transaction follows the shuttering of Numis’ low touch electronic trading business announced last week.
The deal will combine Deutsche Borse’s Qontigo and ISS; will create a new investment management solutions segment.
If a definitive agreement is reached, Tradeweb anticipates that the acquisition would be an all-cash transaction with a purchase price of $82.7 million.
Deal is expected to be completed in the third quarter; will bring Atlantic Equities under the Rothschild & Co umbrella.