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Wealth managers focus on acquisition targets

The pace of M&A is likely to pick up this year although acquirers are unlikely to put the same valuation on their targets as they have in recent deals

Wealth managers talk freely about their desire to buy their rivals, yet acquisitions in the fragmented wealth management sector remain few and far between. Last year, there were only eight deals of any meaningful size done in the sector throughout Europe. However, that may be about to change.

This year could be when mergers and acquisitions in wealth management begin to take off, as the aftermath of the credit crisis brings restructuring opportunities and margins in the sector come under renewed pressure.

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