PricewaterhouseCoopers (PwC) believes cross-border mergers and acquisitions of private banks and wea...
PricewaterhouseCoopers (PwC) believes cross-border mergers and acquisitions of private banks and wealth managers will grow over the next few years. Steve Cater, PwC director, said: "There has been increasing M&A activity in the private banking and wealth management industry in the UK and on a cross-border basis. The latter is not surprising given the fact that private banking and wealth management is an international business." He attributed the growth in M&A to the fragmented nature of the private banking and wealth management industry. Another factor, according to Cater, is the need for...
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