Commentary

Martin Gilbert: There are too many asset managers

Weaker, mid-sized firms will be history within five years, unless they adapt their business models and product offerings

The squeeze on homogenous mid-tier firms is unlikely to let up
The squeeze on homogenous mid-tier firms is unlikely to let up Photo: Getty Images

Martin Gilbert, the co-founder and former CEO of Aberdeen Asset Management, is chair of AssetCo and Revolut

Earlier this month, Financial News reported that M&A transactions in the global asset management sector year-to-date totalled $18bn in aggregate, up almost 50% on the same period last year and the highest since 2018.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump