Following the raft of mergers and acquisitions (M&A) and joint initiatives among asset managers in April, further tie-ups are expected across the sector in the coming months amid warnings there may be no room for smaller firms in a consolidating marketplace.
A flurry of announcements in late April included a strategic partnership between Smith & Williamson and BennBridge to form BambuBlack Asset Management, followed by Sanlam UK's acquisition of Thesis Asset...
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Across four divisions