State Street and UBS mull asset management merger - reports

US firm also considered deal with Invesco

Pedro Gonçalves
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State Street  is exploring options for its asset management business
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State Street is exploring options for its asset management business

State Street and UBS Group are in talks about the possible merger of their asset-management businesses, according to reports.

State Street has hired Goldman Sachs to review the options for its investing business, State Street Global Advisors, as the Boston-based firm believes it needs to boost the size of its asset management...

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