U.S. Bancorp Fund Services, LLC, a subsidiary of U.S. Bancorp, announced its agreement to acquire Quintillion Limited, an Ireland domiciled full-service hedge fund administrator. This agreement supports U.S. Bancorp Fund Services strategic initiative to expand its alternative investment servicing network supporting the European investment community. This acquisition continues to showcase the long-term commitment of U.S. Bancorp to grow our securities services business, said Terrance Dolan, vice chairman of U.S. Bancorp Wealth Management & Securities Services in a
Bloomberg -- Bank of America Corp., the second- largest U.S. lender by assets, completed the merger of its Merrill Lynch & Co. subsidiary into the parent company to simplify the corporate structure.
Goldman Sachs Asset Management (GSAM) announced it has entered into an agreement with Deutsche Asset & Wealth Management(DeAWM) to acquire DeAWM's stable value business, with total assets under supervision of $21.6 billion as of June 30, 2013
Southern California-based Beacon Pointe Wealth Advisors has another notch on its belt.
The 50 largest asset managers accounted for more than US$38 trillion in assets under management at the end of 2012. This is a full US$4 trillion more than the year before, even as the biggest firms in the industry continue to enlarge, according to The Cerulli Report: Global Markets 2013.
Goldman Sachs Asset Management (GSAM) announced it has entered into an agreement with Deutsche Asset & Wealth Management (DeAWM) to acquire DeAWM's stable value business, with total assets under supervision of $21.6 billion as of June 30, 2013
Asset management mergers and acquisitions are on the rise and all signs are pointing to another healthy year for deal activity.
It looks like Nationwide Mutual Insurance Company will have its day in court come January 2014 to defend itself against a mutual fund lawsuit.
Broadridge Financial Solutions has agreed to acquire Bonaire Software Solutions, a provider of fee calculation, billing, and revenue and expense management solutions for asset managers including institutional asset managers, wealth managers, mutual funds, bank trusts, hedge funds and capital markets firms.
Franklin Resources has acquired the remaining 80% stake of alternative investments specialist Pelagos Capital Management.