Deal activity was robust among asset and wealth management firms during the second quarter, with 49 deals reported during the period.
"Although financial services tapped the brakes in deal activity, we still see many attractive opportunities, especially as industry definitions blur. The current round of payment processor deals, for example, affects banking and technology, too. Leaders are finding ways to consolidate their areas of strength—and shed assets that no longer make strategic sense.”
We expect these trends to shape the deals landscape in the coming months:
Financial Services Deals Leader, PwC US
Asset and Wealth Management Deals Leader, PwC US