Several landmark tie-ups in the funds industry over the past year are set to reshape the European asset management industry.

The exit of Barclays Global Investors from the European league tables as it comes under the umbrella of US asset manager BlackRock in a $14.2bn (€10bn) deal, has enabled two newly created funds groups - Crédit Agricole Asset Management/Société Générale Asset Management and BNP Paribas/Fortis - to break into the top three.