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Profil Ronald Knecht've found a bilingual blog, so please choose "English" or "German". The blog represents personal views on IT systems and consulting in the asset management and investment banking market and focuses predominantly but not exclusively on issues in German speaking countries, respectively countries with a German speaking sub-community (DE, AT, CH, LU, LI, BE, IT).

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Friday, July 05, 2013

Dexia fund arm sale suffers setback

The acquisition of Dexia Asset Management by private equity firm GCS Capital seems to stumble says Ignite. This looks like a déjà vu: Deutsche Bank wasn't able to sell its fund admin arm to Guggenheim. Other deals did materialize, e.g.: BlackRock acquired Credit Suisse’s ETF business and Orix Corporation closed on Robeco, Rabobank's fund business.