Cordea Savills buying SEB Asset Management AG

Interesting acquisition in the German asset management (real estate) sector. The British Cordea Savills is set to buy the German SEB Asset Management AG, owned by swedisch SEB who seems to further withdraw itself from the German market.

Temenos acquires Multifonds

Seems the market for software vendors continues to shrink. This is another heads turning acquisition, not long after SS&C bought Advent, although a magnitude smaller.