全球資產管理市場M&A・企業聯盟・有機成長動向：2007年第3季

Abstract

Overview

Introduction

This tracker covers merger/acquisition activity globally in the asset management space. It also highlights the strategic partnerships, and expansion (or contraction) of existing businesses. There is also a special focus on the important emerging markets: China, India, CEE and the Middle East.

Scope

• The tracker covers the M&A and partnership activities of the largest global and regional asset management companies
• It provides an update of each player' s activities in this area and a roundup chapter which offers readers a summary of key trends in that quarter
• The tracker is global in coverage, therefore encompassing market entry strategies as well as domestic M&A activity

Report Highlights

M&A activity in Central and Eastern Europe continues to be a popular activity for asset managers looking to expand

Partnerships and expansion strategies in the Asia Pacific region are more focused on partnerships that the vigorous M&A activity that has been undertaken in CEE.

Reasons to Purchase

• Understand the competitor activity in your market and potential threats and opportunities
• Gain insight into your competitors' strategic movements

Table of Contents

• The Roundup
  • The asset management industry is broadening its reaches into new geographies
    • Continued expansion into Central and Eastern Europe has been a key theme
    • The Asia Pacific region continues to attract investment
    • Latin America is becoming an increasingly important area for expansion
  • Offshore funds are attracting investment from the asset management industry
• The Developments
  • ABN AMRO
    • Mellon buys back ABN AMRO Mellon Global Securities Services (Divestment) - July 07
  • ALLIANZ
    • Dresdner Kleinwort purchases Allianz brokerage unit (M&A) - September 07
  • AVIVA
    • European Property Fund completes aqcuisition of commercial properties (M&A) - September 07
    • Aviva acquires Romanian asset management company (M&A) - September 07
  • Barclays
    • Barclays announce revised offer for ABN AMRO takeover - (M&A) August 07
  • BBVA
    • BBVA opens new center in Spain (Organic growth) - July 07
    • BBVA successfully completes Compass acquisition (M&A) - September 07
  • BNP Paribas
    • BNP Paribas and RBS International Securities Services to merge (M&A) - July 07
    • BNP Paribas enters joint venture with Sahara Bank (Partnerships) - July 07
    • BNP Paribas launches Swedish operations (Organic Growth) - September 07
    • BNL to be incorporated into BNP Paribas (M&A) - September 07
    • BNP Paribas Securities Services acquires hedge fund business (M&A) - September 07
  • Citigroup
    • Citi secures rights to Banco de Chile holding company (M&A) - July 07
    • Citi finalizes acquisition of The BISYS Group (M&A) -August 07
    • Citi to launch equity business in Turkey (Organic growth) - August 07
  • Commerzbank
    • Commerzbank gains majority interest in Ukraine' s Bank Forum (M&A) - September 07
  • Credit Agricole
    • Credit Agricole signs acquisition agreement with Bank Sarasin (M&A) - July 07
    • Credit Agricole proposes restructuring strategy (Organic Growth) - July 07
    • Caceis to buy Olympia Capital International (M&A) - July 07
    • Credit Agricole subsidiary acquires Interbank and DMC Group from ABN AMRO (M&A) - July 07
  • Deutsche Bank
    • Deutsche Bank acquires domestic custody business of Türkye Garanti Bankasi (M&A) - July
    • Deutsche Bank increases capital in Thailand branch (Organic growth) - July 07
  • Dexia
    • Dexia sets up new ' Lettres de Gage' bank in Luxembourg - July 07
  • DNB Nor
    • DnB NOR submits bid for SalusAnsvar - August 07
  • Fortis
    • Fortis sells a minority stake of Fortis Investments to Tokio Marine & Nichido Fire - July 07
    • Fortis Bank sells its stake in Banco Comercial Portugues - September 07
  • Franklin Templeton
    • Franklin Templeton enters into strategic relationship with Algebra Capital - September 07
    • Franklin Templeton acquires a majority stake in Riva Financial Systems - September 07
  • Henderson Global Investors
    • Henderson Global Investors and Canada Pension Plan Investment sign agreement to acquire Whitefriars Quarter Shopping Centre - July 07
    • QIC Invests in HGI' s global equity multi-strategy capability - August 07
  • HSBC
    • HSBC agrees to acquire a majority shareholding in Korea Exchange Bank - September 07
    • HSBC enters strategic relationship with Vietnam insurer, Bao Viet - September 07
  • ING
    • ING completes sale of Regio Bank to SNS REAAL - July 07
    • ING agrees to buy back shares from Fortis - July 07
    • ING Group completes sale of ING Trust - July 07
  • Intesa Sanpaolo
    • Intesa Sanpaolo to acquire a minority stake in Qingdao City Commercial Bank, China - July 07
    • Intesa Sanpaolo agrees to sell a 15.7% stake in Banco Del Desarrollo to Scotiabank - August 07
  • KBC
    • KBC Securities acquires a majority shareholding of Baltic Investment Company - July 07
    • KBC Securities acquire Hipobroker in Serbia - July 07
    • KBC receives final approval to acquire Absolut Bank - July 07
    • KBC acquires majority stake in DZI insurance, Bulgaria - August 07
    • KBC Securities closes the acquisition of majority share of Bastion Group - September 07
    • KBC acquires 75% share in EIBANK - September 2007
  • Merrill Lynch
    • Merrill Lynch and AEGON to enter into strategic relationship - August 07
    • Merrill Lynch and First Republic Bank close merger - September 07
    • Merrill Lynch announces strategic relationship with ASSET4 - September 07
  • Morgan Stanley
    • Morgan Stanley Investment Management Partners with Korea' s National Pension Service - July 07
    • Morgan Stanley establishes research team in Dubai- August 2007
  • Old Mutual
    • Old Mutual Indian Joint Venture to further expand (Organic Growth) - September 07
  • Prudential plc
    • Prudential raises its Fund Management Joint Venture stake in China (M&A) - August 07
  • Rabobank
    • Sarasin and AIG Private Bank to create bank for affluent clients (Partnership) - July 07
    • Rabobank acquires minority stake in Paraguayan bank (M&A) - August 07
  • Sal. Oppenheim
    • Sal. Oppenheim increases its minority share in IKB (Organic Growth) - August 07
  • Santander
    • Santander to expand in Latin America (Organic Growth) - July 07
    • Santander sells AFPs to ING (M&A) - July 07
    • Santander, RBS, and Fortis continue with their offer for ABN AMRO (M&A) - July-September 07
  • Schroders
    • Schroders and Citibank to make International Mutual Funds available in China (Partnership) - August 07
  • Société Générale
    • Lyxor Japan set up (Organic Growth) - July 07
    • SGAM Fortune granted QDII License (Organic Growth) - August 07
    • SG Hambros acquires ABN AMRO Private Banking London (M&A) - September 07
  • Swiss Life
    • Swiss Life acquires banking and asset management business of Banque Privée Fideuram Wargny (M&A) - August 07
  • UBS
    • UBS Global Asset Management creates UBS Hana Asset Management (Organic Growth) - July 07
  • UniCredit
    • Bank Austria agrees majority shareholding acquisition of Ukrsotsbank in Ukraine (M&A) - July 07
    • Unicredit sells shareholding stake in Bank BPH to GE Money (M&A) - August 07
    • Unicredit and Capitalia merger cleared (M&A) - September 07
• APPENDIX
  • Methodology
  • Further reading
  • Ask the analyst
  • Datamonitor consulting
  • Disclaimer