Asset Managers as Harbingers of a New Wave of Swiss Mergers: Independent asset managers accounted for a large proportion of company sales in the SME segment of the financial industry in 2022. A merger wave is building up,… MA independentassetmanagers
Takeovers and mergers of Swiss SMEs increased by another five percent last from a record high in the previous year, according to an annual study from Deloitte.
The number of all transactions in the financial sector could soon double. Small EAMs with less than half a billion in assets under management may then find themselves particularly under the gun, and West expects 30 to 50 deals annually starting in 2024.The market shakeout is unlikely to slow anytime soon as West illustrates what awaits Switzerland based on developments in Germany. There, the number of independent asset managers has shrunk from 5,000 to 380 institutions within the last decade.
In such an asset deal, only the assets under management are transferred and a review of the clientele and other economic, legal, and financial circumstances is waived.Last year the transaction between Zurich-based asset manager Wergen & Partner and Aquila Group attracted the attention of EAMs. Managing director Wergen justified the cooperation to finews.com, among other things, with the obligation to solve a Finma license.
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