Product Type: Market Research Report
Published by: Datamonitor
Published: May 2007
Product Code: R313-21623Description Introduction
This tracker covers merger/acquisition activity globally in the asset management space. It also highlights the strategic partnerships, and expansion (or contraction) of existing businesses. There is also a special focus on the important emerging markets: China, India, CEE and the Middle East.
Scope
The tracker covers the M&A and partnership activities of the largest global and regional asset management companies It provides an update of each player's activities in this area and a roundup chapter which offers readers a summary of key trends in that quarter The tracker is global in coverage, therefore encompassing market entry strategies as well as domestic M&A activity
Highlights
This quarter, several major asset managers were in discussions over mergers, including ABN Amro with Barclays, and Dexia with BNP Paribas. There were no clear trends across M&A activity however, with mergers and acquisitions taking place in order to achieve a number of strategic goals, such as increasing market presence. As partnership is the key strategy used to enter markets that have a radically different structure to an asset manager's home market, it is unsurprising that partnership is still being undertaken primarily to target emerging markets. There has been a strong theme of strategic partnership in order to penetrate new markets in this quarter.
Reasons to Purchase
Understand the competitor activity in your market and potential threats and opportunities Gain insight into your competitor's strategic movements
Table of Contents
- The Roundup
- M&A
- Partnership
- Organic Growth
- The Developments
- ABN AMRO
- Allianz
- Amvescap
- Aviva
- Barclays
- BBVA
- BNP Paribas
- BSI Private Clients
- Citigroup
- Commerzbank
- Credit Agricole
- Credit Suisse
- Deutsche Bank
- Dexia
- DNB Nor
- Fortis
- Franklin Templeton
- Goldman Sachs
- HBOS
- HSBC
- ING
- Intesa Sanpaolo
- JP Morgan Chase
- Julius Baer
- Merrill Lynch
- Morgan Stanley
- Rabobank
- Sal Oppenheim
- Schroders
- SEB
- Société Générale
- Swiss Life
- UBS
- Unicredit
- APPENDIX
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
- The Roundup
- M&A
- Partnership
- Organic Growth
- The Developments
- ABN AMRO
- ABN AMRO and Barclays announced merger discussions (M&A) - March 07
- ABN AMRO acquired a controlling stake in Prime Bank (M&A) - March 07
- ABN AMRO reduced staff in North America (Organic Growth) - December 06
- Allianz
- Allianz set up a new business unit to centralize and combine investment activities (Organic Growth) - March 07
- Amvescap
- Invesco Perpetual strengthened Emerging markets team (Organic Growth) - March 07
- Aviva
- Aviva launched a new hedge fund (Organic Growth) - March 06
- Morley has hinted at expansion into China (EME) - March 07
- Morley appointed a fund manager to its regeneration fund (Organic Growth) - February 07
- Barclays
- Barclays and ABN AMRO announced merger discussions (M&A) - March 07
- Barclays recruit new team to focus on gaining new customers (Organic Growth) - March 07
- BBVA
- BBVA opens a Mumbai office (Organic Growth) - December 06
- BNP Paribas
- BNP Paribas consolidates its traditional investment and indexed & structured investment management teams (Organic Growth) - March 07
- BSI Private Clients
- BSI and BUC merger complete (M&A) - January 07
- Citigroup
- Citi China gains approval to operate as a Locally Incorporated Bank (EME) - March 07
- Citi opens a Prime Brokerage Office in Singapore (Organic Growth) - March 07
- Citigroup reach agreement for acquisition of Egg Banking plc from Prudential PLC (M&A) - January 07
- Commerzbank
- Commerzbank agreed the sale of its UK Asset Management subsidiary, Jupiter (M&A) - March 07
- Credit Agricole
- Credit Agricole partner with IFC in Africa (Partnership) - March 07
- Credit Agricole and Intesa Sanpaolo split their Asset Management joint venture (M&A) - March 07
- Credit Agricole and Intesa Sanpaolo sign the contract for the sale of Piacenza and FriulAdria (M&A) - March 07
- Credit Agricole Asset Management opens a Sydney office (Organic Growth) - January 07
- Credit Agricole and Intesa Sanpaolo do not pursue Asset Management partnership (M&A) - January 07
- Credit Suisse
- Deutsche Bank
- Deutsche Asset Management expands its Global Institutional Fixed Income Investment team (Organic Growth) - March 07
- Deutsche Bank Asset Management to advise Converium insurance investment portfolio (Partnership) - February 07
- Deutsche Bank Asset Management expanding Alternative Investments Business under RREEF (M&A) - January 07
- DWS Investments sells local mutual fund business in Italy to Anima (M&A) - December 06
- Dexia
- Dexia and BNP Paribas entered discussions regarding Dexia Banque Privée France (M&A) - December 06
- Dexia Asset Management opened a representative office in Bahrain (Organic Growth) - December 06
- DNB Nor
- DnB NOR to acquire BISE Bank (M&A) - December 06
- Fortis
- Fortis set to acquire over 50% in Pacific Century Insurance (M&A) - March 07
- Fortis Lease Group expand further into Europe and Asia with Acquisition of Captive Finance Limited (M&A) - January 07
- Franklin Templeton
- Franklin Templeton have launched an Asset Management Business in Brazil (Organic Growth) - March 07
- China Life and Franklin Templeton Investments form a Strategic Partnership (Partnerships) - January 07
- Goldman Sachs
- Strategic Partnership formed in Saudi Arabia, between Goldman Sachs, The National Commercial Bank and NCB Capital (Partnership) - February 07
- HBOS
- HBOS increases stake in Sainsbury's bank by 5% (M&A) - February 07
- HSBC
- HSBC obtains regulatory to become a local incorporation in China (EME) - March 07
- HSBC to reinforce presence in Latin America (M&A) - February 07
- HSBC set to increase stake in Vietnam's Techcombank (M&A) - January 07
- ING
- ING set to sell Regio Bank to SNS Reaal (M&A) - December 06
- Intesa Sanpaolo
- Intesa Sanpaolo and Credit Agricole split their Asset Management joint venture (M&A) - March 07
- Intesa Sanpaolo and Credit Agricole sign the contract for the sale of Piacenza and FriulAdria (M&A) - March 07
- Intesa Sanpaolo and Credit Agricole do not pursue Asset Management partnership (M&A) - January 07
- Banca Intesa and Sanpaolo IMI Merge (M&A) - December 06
- JP Morgan Chase
- JP Morgan and Old Mutual Asset Managers (SA) reach an outsourcing agreement (Partnership) - December 06
- Julius Baer
- Julius Baer enhances presence in Singapore (Organic Growth) - March 07
- Merrill Lynch
- Merrill Lynch and Carver Bancorp create an alliance (Partnership) - March 07
- Morgan Stanley
- Morgan Stanley to Operate in Saudi Arabia with the Capital Group (Partnership) _ March 07
- Vietnam Investment Bank Venture with SCIC chooses Morgan Stanley as a partner (Partnership) - March 07
- Morgan Stanley to open wholly-owned subsidiary in India (M&A) - February 07
- Morgan Stanley set to open a Prime Brokerage Office in Singapore (Organic Growth) - February 07
- Prudential sell Egg Banking plc to Citigroup (M&A) - January 07
- Rabobank
- Rabobank acquires stake in Zambia National Commercial Bank PLC (M&A) - December 06
- Sal Oppenheim
- Oppenheim strengthens management (Organic Growth) - January 07
- Schroders
- Schroders acquires Aareal Asset Management (M&A) - December 06
- SEB
- SEB divests retail debt collection arm (M&A) - December 06
- Société Générale
- Société Générale is founding shareholding in Madagascan bank (Organic Growth) - March 07
- Société Générale to acquire Ohridska Bank (M&A) - March 07
- Banque Internationale d'Investissement in Mauritania now majority owned by Société Générale (M&A) - January 07
- Leading Moldovan bank Mobiasbanca acquired by Société Générale (M&A) - January 07
- Société Générale acquires Banco Cacique (M&A) - February 07
- Swiss Life
- Swiss Life acquired CapitalLeben (M&A) - December 06
- UBS
- Standard Chartered relinquishes Indian mutual funds management operation to UBS (M&A) - January 07
- UBS and Standard Chartered Bank form alliance to distribute funds (Partnership) - January 2007
- Unicredit
- UniCredit restructures investment banking division (Organic Growth) - March 07
- UniCredit company Pioneer Investments to partner with Baroda Bank of India in asset management (Partnership) - February 07
- UniCredit to buy out minority shareholders in HVB and BA-CA - January 07
- UniCredit acquires BA-CA shares from HVB - January 07
- APPENDIX
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
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