How Client Demands and Cost Pressures are Driving Asset Manager Consolidation
How Client Demands and Cost Pressures are Driving Asset Manager Consolidation
January 2022
In an interview with Wall Street Journal Custom Content, Mike Janiszewski, Chief Operating Officer for Asset Servicing and Digital at BNY Mellon, shares his views on what’s driving the current wave of mergers and acquisitions (M&A) consolidating firms of all sizes.
Are you an explainable AI company that we should know about?
Learn More [link to accelerator program page]
Interested in learning more about emerging technologies for the financial services industry?
Sign-up for The Quarterly Update
The latest surge in M&A activity is largely driven by three factors, Janiszewski says: the need for greater efficiency, efforts to expand into growth areas, and a desire to gain enhanced data and analytics capabilities.
Just How Active Have Acquirers Been in the Asset Management Industry?
Mike Janiszewski: The global asset management industry saw a spate of M&A activity in the first half of 2021, a period marked by multibillion-dollar megadeals. Still, the industry remains highly fragmented across hundreds of players. This fragmentation, together with pressure for scale and for technical capabilities, means that deals remain to be done across the marketplace. We’re also seeing vertical integration continue at pace as well as deals for advanced technology capabilities, which is not surprising in a world that has experienced the COVID-19 pandemic.
