Over 40% of asset and wealth management CEOs have said they are planning increase scale and enter new markets via mergers and acquisitions (M&A) or strategic alliances with other groups, according to a survey conducted by PwC.
The report, entitled Optimistic CEOs, buoyant growth, disruption ahead, which interviewed 126 CEOs about the threats and opportunities facing their businesses, found 43% had M&A intentions, while 48% planned...
AUM growth of 19% in first half of 2018
Move to improve access to institutional managers without a retail fund
Launching fund end of 2018
Purchased for undisclosed sum