The Spanish bank is clawing back the 50% stake in Santander Asset Management it sold to Warburg Pincus and General Atlantic for EUR 2 billion in 2013. It manages EUR 170 billion in client assets.
Baer seen close to buying Merrill’s non-U.S. wealth units
August 13, 2013 by
One source said that Baer could pay up to USD2 billion for the unit, which manages some USD90 billion for clients in Europe, Latin America, the Middle East and Asia.
State Street buys GSAS
July 18, 2013 by
State Street, said that it has agreed to pay USD550 million to buy Goldman Sachs Administration Services as it looks to become the leading global administrator of hedge funds.
