Invesco in 'early talks' merger with State Street's asset management arm - reports

A deal is not imminent, and the discussions might not result in an agreement, people familiar with the matter reportedly said. It is not clear what the terms of a potential deal would look like, but it would likely be one of the industry's biggest in recent memory, given State Street's asset-management unit manages nearly $4trn in assets as at 30 June 2021. Reuters later cited a source familiar with the matter saying the discussions between both the companies were at an early stage. The news follows State Street's announcement last week to buy investment bank Brown Brothers Harrima...