M&A, Partnerships And Organic Growth In Asset Management, Q3 2007

The Roundup

The asset management industry is broadening its reaches into new geographies

Continued expansion into Central and Eastern Europe has been a key theme

The Asia Pacific region continues to attract investment

Latin America is becoming an increasingly important area for expansion

Offshore funds are attracting investment from the asset management industry

The Developments

ABN AMRO

Mellon buys back ABN AMRO Mellon Global Securities Services (Divestment) - July 07

ALLIANZ

Dresdner Kleinwort purchases Allianz brokerage unit (M&A) - September 07

AVIVA

European Property Fund completes aqcuisition of commercial properties (M&A) - September 07

Aviva acquires Romanian asset management company (M&A) - September 07

Barclays

Barclays announce revised offer for ABN AMRO takeover - (M&A) August 07

BBVA

BBVA opens new center in Spain (Organic growth) - July 07

BBVA successfully completes Compass acquisition (M&A) - September 07

BNP Paribas

BNP Paribas and RBS International Securities Services to merge (M&A) - July 07

BNP Paribas enters joint venture with Sahara Bank (Partnerships) - July 07

BNP Paribas launches Swedish operations (Organic Growth) - September 07

BNL to be incorporated into BNP Paribas (M&A) - September 07

BNP Paribas Securities Services acquires hedge fund business (M&A) - September 07

Citigroup

Citi secures rights to Banco de Chile holding company (M&A) - July 07

Citi finalizes acquisition of The BISYS Group (M&A) -August 07

Citi to launch equity business in Turkey (Organic growth) - August 07

Commerzbank

Commerzbank gains majority interest in Ukraine's Bank Forum (M&A) - September 07

Credit Agricole

Credit Agricole signs acquisition agreement with Bank Sarasin (M&A) - July 07

Credit Agricole proposes restructuring strategy (Organic Growth) - July 07

Caceis to buy Olympia Capital International (M&A) - July 07

Credit Agricole subsidiary acquires Interbank and DMC Group from ABN AMRO (M&A) - July 07

Deutsche Bank

Deutsche Bank acquires domestic custody business of Türkye Garanti Bankasi (M&A) - July

Deutsche Bank increases capital in Thailand branch (Organic growth) - July 07

Dexia

Dexia sets up new 'Lettres de Gage' bank in Luxembourg - July 07

DNB Nor

DnB NOR submits bid for SalusAnsvar - August 07

Fortis

Fortis sells a minority stake of Fortis Investments to Tokio Marine & Nichido Fire - July 07

Fortis Bank sells its stake in Banco Comercial Portugues - September 07

Franklin Templeton

Franklin Templeton enters into strategic relationship with Algebra Capital - September 07

Franklin Templeton acquires a majority stake in Riva Financial Systems - September 07

Henderson Global Investors

Henderson Global Investors and Canada Pension Plan Investment sign agreement to acquire Whitefriars Quarter Shopping Centre - July 07

QIC Invests in HGI's global equity multi-strategy capability - August 07

HSBC

HSBC agrees to acquire a majority shareholding in Korea Exchange Bank - September 07

HSBC enters strategic relationship with Vietnam insurer, Bao Viet - September 07

ING

ING completes sale of Regio Bank to SNS REAAL - July 07

ING agrees to buy back shares from Fortis - July 07

ING Group completes sale of ING Trust - July 07

Intesa Sanpaolo

Intesa Sanpaolo to acquire a minority stake in Qingdao City Commercial Bank, China - July 07

Intesa Sanpaolo agrees to sell a 15.7% stake in Banco Del Desarrollo to Scotiabank - August 07

KBC

KBC Securities acquires a majority shareholding of Baltic Investment Company - July 07

KBC Securities acquire Hipobroker in Serbia - July 07

KBC receives final approval to acquire Absolut Bank - July 07

KBC acquires majority stake in DZI insurance, Bulgaria - August 07

KBC Securities closes the acquisition of majority share of Bastion Group - September 07

KBC acquires 75% share in EIBANK - September 2007

Merrill Lynch

Merrill Lynch and AEGON to enter into strategic relationship - August 07

Merrill Lynch and First Republic Bank close merger - September 07

Merrill Lynch announces strategic relationship with ASSET4 - September 07

Morgan Stanley

Morgan Stanley Investment Management Partners with Korea's National Pension Service - July 07

Morgan Stanley establishes research team in Dubai- August 2007

Old Mutual

Old Mutual Indian Joint Venture to further expand (Organic Growth) - September 07

Prudential plc

Prudential raises its Fund Management Joint Venture stake in China (M&A) - August 07

Rabobank

Sarasin and AIG Private Bank to create bank for affluent clients (Partnership) - July 07

Rabobank acquires minority stake in Paraguayan bank (M&A) - August 07

Sal. Oppenheim

Sal. Oppenheim increases its minority share in IKB (Organic Growth) - August 07

Santander

Santander to expand in Latin America (Organic Growth) - July 07

Santander sells AFPs to ING (M&A) - July 07

Santander, RBS, and Fortis continue with their offer for ABN AMRO (M&A) - July-September 07

Schroders

Schroders and Citibank to make International Mutual Funds available in China (Partnership) - August 07

Société Générale

Lyxor Japan set up (Organic Growth) - July 07

SGAM Fortune granted QDII License (Organic Growth) - August 07

SG Hambros acquires ABN AMRO Private Banking London (M&A) - September 07

Swiss Life

Swiss Life acquires banking and asset management business of Banque Privée Fideuram Wargny (M&A) - August 07

UBS

UBS Global Asset Management creates UBS Hana Asset Management (Organic Growth) - July 07

UniCredit

Bank Austria agrees majority shareholding acquisition of Ukrsotsbank in Ukraine (M&A) - July 07

Unicredit sells shareholding stake in Bank BPH to GE Money (M&A) - August 07

Unicredit and Capitalia merger cleared (M&A) - September 07

APPENDIX

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