Deloitte consultancy subsidiary Casey Quirk has outlined four key trends set to transform the asset management world in 2017, including low market returns and distribution consolidation, that is leading to an acceleration in M&A activity.
In the report Skill through scale? the firm outlines its case for why the industry is prime for accelerated levels of merger & acquisition (M&A) activity this year and beyond. The consultancy warns that deals will require "substantially greater integration than the industry has tackled historically" and in most cases require substantial restructuring of investments, distribution and operations. Casey Quirk has observed four drivers of what it sees as "the largest competitive re-alignment in asset management history". 1. Economic pressure "Deteriorating economics in the operatin...
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