Almost three-quarters of asset managers considering strategic consolidation with another asset manager

by Silvia Saccardi 10 July 2023

According to PwC’s 2023 Global Asset & Wealth Management Survey, almost three quarters (73%) of asset managers are contemplating consolidation with another asset manager.

Traditionally, private markets have been a difficult arena for firm mergers, with common pain points being strategic, cultural and organisational differences, according to research from Bain & Company.

Other industry challenges highlighted in the report include digital transformation, shifting investor expectations and so-called retailisation.

As a result, the survey found the majority of asset managers (90%) have already implemented some form of disruptive technology (AI, big data, blockchain).

Categories: NewsFundraising & fund structuringODD / DDQ

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