However asset managers choose to address
the four threats that are currently conspiring
against them, it is clear that they will have to do
so in 2018 to remain competitive.
If they do not address these challenges internally, mergers and
acquisitions may be the logical result. Indeed,
while dealmaking between asset managers
peaked in 2009 at about $60bn, it has carried on
since at the relatively pedestrian pace of under
$25bn each year.
If 2018 proves to be the year
proprietary asset managers choose to scale up or
scale down, mergers and acquisitions in the
industry will kick off again