Morgan Stanley steps up its game for the Wealth Management war

On February 11th, 2019 Morgan Stanley acquired Solium Capital, a large equity plan administrator, for $900m, a 40% premium over the recent trading price. This is the biggest acquisition in a decade for the Wall Street giant and likely the first of many more deals to enlarge its wealth management business in the next decade. … Continue reading Morgan Stanley steps up its game for the Wealth Management war

Invesco joins the trillion dollar club

Companies Overview Invesco Ltd. Invesco Ltd. is an American independent investment management company headquartered in Atlanta, United States, and listed on the NYSE. The firm was originally incorporated under the laws of England and Wales as H. Lotery and Co. Ltd in 1935 and in late 1950s launched its first mutual funds in North America. … Continue reading Invesco joins the trillion dollar club

The DWS IPO – Crying for Cryan

Deutsche Bank or the art of tripping over coffee tables Deutsche Bank AG is a German financial giant, founded in 1870 and headquartered in Frankfurt. It operates with more than 100,000 employees in over 70 countries and has been trying for a long time to become a global investment banking powerhouse of proportions similar to … Continue reading The DWS IPO – Crying for Cryan

Virtu meets KCG

Companies overview Virtu Financial Inc (NYSE:VIRT) Virtu Financial Inc is a financial firm whose main businesses are market making and high-frequency trading based in New York. It was born in 2008, when Vincent Viola (a former chairman the New York Mercantile Exchange) and Douglas Cifu, a former partner in an international law firm. A market … Continue reading Virtu meets KCG

Consolidation in the asset management industry, Standard Life and Aberdeen merger

On Monday 6 March 2017, Standard Life and Aberdeen Asset Management announced an agreement aimed at creating the U.K.'s largest fund manager, through an £11bn ($13.5bn) all-share transaction. Standard Life has a market capitalization of £7.15bn and employs 6,300 people around the world (5,500 in the UK). On the other hand, Aberdeen has a market … Continue reading Consolidation in the asset management industry, Standard Life and Aberdeen merger

LSE – DB merger: a crucial step towards Capital Markets Union

London Stock Exchange Group (LSE:LSE) and Deutsche Börse (DB1X.N:GER) have agreed to merge and give birth to the largest European stock exchange group with a combined market capitalization of over $6tn. Industry Overview Not only have the financial markets been exceptionally turbulent since the last quarter of 2015 but also the exchange operators that are … Continue reading LSE – DB merger: a crucial step towards Capital Markets Union

Top of the Pops: Banco Popolare and BPM merge to create Italy’s third largest bank

After months of intense talks, on March 23, Banca Popolare di Milano (PMI:IM) and Banco Popolare (BP:IM) agreed to merge and to form the third largest bank in Italy by assets (€170bn). The deal comes after a tacit approval by the ECB and is probably only the first step of an anticipated bigger consolidation process. … Continue reading Top of the Pops: Banco Popolare and BPM merge to create Italy’s third largest bank

Financials on the rocks – FIG Market Update

The year 2015 has been marked by the acceleration of M&A activity in the financial sector, due to several distinct trends. Due to increased regulations, institutions must find new ways to not only adapt to the new expectations of regulators, but also to be proactive in finding sustainable business models. Higher capital requirements have put … Continue reading Financials on the rocks – FIG Market Update