US firms are stepping up acquisitions of European asset and wealth managers,
lifting YTD deal value to over $14bn — the highest level since Dealogic began
tracking in 1995. Buyers include rival fund groups, insurers and private equity;
industry executives point to pressure from low-cost passive funds and rising
regulatory and operating costs as increasing takeover risk for Europe
managers, while private equity is actively acquiring wealth managers amid
growing demand for financial advice.
