LOOK FOR A PARTNER?
In a recent piece for the Financial News, David Wighton posited that the asset management industry is ripe for consolidation. With pressure on to increase scale and cut costs, Wighton suggests the time is now.
"It was possible to dismiss Henderson's tie-up with Janus in October as something of a one-off," says Wighton. "The circumstances were rather unusual. But now we've got Standard Life's $3.8 billion acquisition of Aberdeen Asset Management, which appears to be a pretty routine costcutting affair, not to mention Amundi's $4.1 billion purchase of Pioneer. Looks like a bit of a trend here."
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Ellen Kinlin
President
ECK Consulting, Inc.
Office: 508-420-1165
Mobile: 508-360-2053
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