Industry | 2009.08.24
Jefferies Putnam Lovell Projects that Expansion Will Supplant Survival as the Dominant Driver of M&A in the Global Asset Management and Financial Technology Sectors
NEW YORK--(BUSINESS WIRE)--With the capital markets recovering and investor fears receding, financial services M&A activity over the next 12 months will be fueled more by buyers seeking to grow than by sellers anxious to survive, according to Jefferies Putnam Lovell, the investment banking group of Jefferies & Company, Inc. focused on the global asset management and financial technology industries. While divestitures will still account for the majority of assets under management changing
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