Citisoft on 2011 Mutual Fund M&A

Citisoft's Tom Secaur is quoted in Ignites on mutual fund M&A activity in 2011 and the outlook for 2012. Highlights include:

Looking forward, the investment managers currently on the market and ones that could come on the market are likely to draw both the financial-services-minded private equity buyers and some of the larger fund companies with cash on their balance sheets, consultants say. Several large firms, including BlackRock, Wells Fargo, Invesco and Ameriprise Financial, are just coming off a round of major acquisitions a few years ago, but that does not eliminate some of them from participating in the next round of big deals.

“There are some firms out there that have become very good at acquiring firms even in the $120 billion, $150 billion [assets under management] range and they’ve gotten them integrated in less than a year. Competency has to be a major factor in a decision-making process, knowing that they’ve done it before and become fairly adept at doing these types of transactions,” says Tom Secaur, chief operating officer at Citisoft.

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