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Friday, March 29, 2024

Asset managers turn to M&A

Wealth and asset management companies plan to use mergers and acquisitions (M&A) in both scale and scope this year to seize opportunities as the sector anticipates growth opportunities worth US$250 billion by 2030, a recent study found.

The “M&A Practitioners’ 2023 Outlook Survey” by Bain & Company found M&A activity in wealth and asset management business continues to persist this year, but will likely look different considering the market downturn.

In 2021, global M&A activity set a 10-year record for this business sector, reaching $77 billion in terms of deal value.

Last year, deal value was projected to decline by 42% to $37 billion based on lower average values.

The share of deal value in wealth and asset management in Asia-Pacific increased from 19% in 2020 and 46% in 2021 to reach 58% last year, despite deal volume holding steady at around 30%.

Bain…

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