Wealth management industry mergers surge: study - Reuters
Mergers and acquisitions in the global wealth management industry are soaring as companies struggling to cope with costly new regulatory requirements seek to consolidate, with $760 billion of funds changing hands in 2013, according to a new industry study, reports Reuters. This year there has also been more interest shown in the sector by private equity groups, with Permira buying up Deutsche Bank's Tilney wealth management arm as well as Bestinvest, and Carlyle Group acquiring Toronto-based Diversified Global Asset Management and TCW.
17 December 2013•2 mins read
