Allianz Global Investors to Acquire UOB Asset Management for €376 Million

Aon to Acquire USI Insurance Services for $17 Billion

August 31, 2026

Insurance

Aon signed a definitive agreement to acquire USI Insurance Services from KKR and other shareholders for $17 billion in cash. The transaction is expected to close in Q4 2026, subject to regulatory approvals and customary conditions; USI has more than 10,500 employees and nearly 200 U.S. offices. Aon expects the deal to expand its middle-market and Excess & Surplus capabilities and strengthen its data platform.

Allianz to Acquire HSBC Life Singapore

July 25, 2026

Financial Services

Allianz Group has agreed to acquire HSBC Life Singapore via its subsidiary Allianz Asia Holding. The deal is paired with a new 15-year exclusive distribution partnership with HSBC Bank Singapore, with total consideration of €2.0 billion.

BMO to Acquire Burgundy Asset Management

June 19, 2025

Wealth Management

BMO and Burgundy Asset Management Ltd. signed a definitive agreement for BMO to acquire Burgundy for approximately $625 million. The transaction is expected to close by the end of calendar 2025, subject to customary regulatory approvals and other closing conditions.

Nomura Acquires Macquarie's U.S. & European Public Asset Management Business

April 22, 2025

Wealth Management

Nomura has agreed to acquire Macquarie Asset Management’s North American and European public asset management business (including equities, fixed income and multi‑asset strategies) in an all‑cash transaction for roughly US$1.8 billion, subject to closing adjustments and regulatory approvals. The business—led from Philadelphia with more than 700 employees and approximately US$180 billion of AUM—will join Nomura’s Investment Management division, and the firms will also enter a broader product and distribution collaboration.

Macquarie Asset Management Acquires AMP Capital's Global Equities and Fixed Income Business

March 28, 2022

Wealth Management

Macquarie Asset Management (MAM), part of Macquarie Group, agreed to acquire AMP Capital's Global Equities and Fixed Income (GEFI) business for up to A$185 million and has completed financial close. The deal transfers roughly A$47 billion (reported)–A$60 billion (earlier estimate) of AuM, expands MAM's public investment capabilities and increases its pro‑forma AuM to approximately A$720 billion.

U.S. Bank Completes Acquisition of PFM Asset Management

December 7, 2021

Financial Services

U.S. Bank, through its subsidiary U.S. Bancorp Asset Management, closed on its acquisition of PFM Asset Management LLC (PFMAM). PFMAM will continue to operate as a separate registered investment advisor, adding more than 250 employees and expanding U.S. Bank’s national institutional investment solutions, particularly in the public sector.