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Will the wave of fund management M&A come to Europe? Maybe, but don’t hold your breath

Deals can be done, as Morgan Stanley proved earlier this month. But it is still not easy

Will the wave of fund management M&A come to Europe? Maybe, but don’t hold your breath
Photo: Getty Images

The years of discussions about consolidation in European banking and asset management have been less Fast & Furious and more Waiting for Godot. Lots of talk and very little action.

But in banking the picture is finally beginning to change with medium-sized deals agreed in Italy and Spain in recent months. Could the same start to happen in asset management?

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