Ucits III set to boost cross-border mergers trend

Professional Adviser
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following interviews with 80 senior executives, bank of new york research concludes ucits III is a further consolidation driver

Ucits III will be a catalyst for further consolidation in the asset management industry and not just in the funds arena, according to research of asset management firms' and banks' perceptions of the latest European Union (EU) directive. According to the findings, conducted by the Bank of New York after interviewing 80 senior executives of investment management firms and banks across Europe, Ucits III is viewed as a further driver of consolidation. 'Just under two-thirds, 62%, of respondents anticipate the directive will accelerate the trend towards cross-border mergers in the Europ...

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