Wealth and asset management companies plan to use mergers and acquisitions (M&A) in both scale and scope this year to seize opportunities as the sector anticipates growth opportunities worth US$250 billion by 2030, a recent study found.
The "M&A Practitioners' 2023 Outlook Survey" by Bain & Company found M&A activity in wealth and asset management business continues to persist this year, but will likely look different considering the market downturn.
In 2021, global M&A activity set a 10-year record for this business sector, reaching $77 billion in terms of deal value.
