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.