m&a

Investment Strategy

Treasury Group to add another asset manager

Treasury Group is looking for more acquisitions. After adding a seventh asset manager to its stable of boutiques, Treasury Group’s chief executive Andrew McGill expects to sign an agreement with an eighth asset manager before year end. “We’re in active dialogue with a number of parties,” says McGill. “I expect an announcement before the end […]
I & T NewsJune 1, 2012
Investment Strategy

Merger pressure builds for super funds

Superannuation funds, which collectively manage about $1.4 trillion, will be forced to merge to satisfy capital requirements imposed by the Australian Prudential Regulation Authority, says merger adviser Nigel Lake. APRA’s new capital requirements, to be enacted in July 2013, will force some of the funds to find capital, says Lake, joint chief executive of Sydney-based […]
I & T NewsMarch 28, 2012
Investment Strategy

Treasury Group’s bold ambitions

It is casual Friday at Treasury Group.  Its chief executive Andrew McGill is sans tie. Still, as befits a former investment banker and private-equity general partner, McGill, 44, has perfectly coiffured hair, cuff links from New Mexico and a black-faced Rolex given to him by his wife. McGill gives off more than a whiff that […]
I & T NewsMarch 26, 2012
Investment Strategy

New Nikko CEO ever acquisitive

Charles Beazley, the soon-to-be chief executive of Nikko Asset Management, has a personal story of rejection. Henry Jenner was consecrated Anglican bishop of Dunedin, New Zealand, in 1866. The prospective congregation feared the new clergyman was a papist. Shunned by the locals, Jenner had no choice but to return to England. The man’s ancestor is […]
I & T NewsMarch 14, 2012
Investment Strategy

At asset manager Perpetual it is all smiles

Under a glass covered case at Perpetual Ltd.’s Sydney headquarters medals are displayed. One hundred employees enlisted for active service in 1940. Staff raised a fund for employees who served abroad during World War II. Now the firm’s employees are in another fight. Perpetual is the subject of takeover speculation. Investor Gary Weiss, says the […]
I & T NewsFebruary 20, 2012
Investment Strategy

Brogden expects more fund mergers

As many as six foreign asset managers come through the doors of the Financial Services Council every year interested in acquiring a stake in an Australian fund manager in order to enter an $1.8 trillion market. “Four to six times a year foreign fund managers come through our doors seeking opportunities to enter the market,” […]
I & T NewsFebruary 15, 2012
Investment Strategy

Pure-play asset managers to benefit from crisis

Asset management M&A activ­ity is expected to rise this year, with continued distressed sales by invest­ment banks and insurance companies, but the good news for pension funds is the emergence of a strong independent sector in Europe. According to the latest report by Jefferies Putnam Lovell, an asset management researcher and corporate advisor, pure-play asset […]
Staff WriterFebruary 12, 2009
Investment Strategy

Pure-play asset managers to benefit from crisis

Asset management M&A activ­ity is expected to rise this year, with continued distressed sales by invest­ment banks and insurance companies, but the good news for pension funds is the emergence of a strong independent sector in Europe. According to the latest report by Jefferies Putnam Lovell, an asset management researcher and corporate advisor, pure-play asset […]
Staff WriterFebruary 12, 2009
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