The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:As Axa Deal Rumors Swirl, What About AB? Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, October 03, 2017

As Axa Deal Rumors Swirl, What About AB?

News summary by MFWire's editors

As asset management deal rumors swirl around Axa, AB (formerly AllianceBernstein) seems to be uninvolved for now. Yet that U.S. IPO is still just over the horizon.

In recent weeks, various publications including Bloomberg, Citywire, and Reuters have all reported that management at the French multinational insurer has been in talks with management at BNP Paribas (France's biggest bank) and Natixis (a French multinational, multiboutique asset manager that's also on this side of the pond) about the future of Axa Investment Management, Axa's European asset management arm. The rumors point to Axa considering a joint venture or merger, which reports liken to the 2010 creation of what is now the biggest asset manager in France, Amundi, by the merger of SocGen's and Credit Agricole's asset management businesses.

Amundi is also in on the current Axa deal talks, an unnamed source tells Reuters, yet "talks are not currently intense with Amundi."

Yet none of the reports about a possible European asset management deal mention Axa's U.S. businesses, including AB. This spring in the wake of the departure of AB's then-chief, Peter Kraus, Axa CEO Thomas Buberl revealed plans sell a minority stake in Axa's U.S. holdings (which includes Axa's majority stake in publicly traded AB) via an IPO. At the time the IPO was targeted for sometime in the first half of 2018.

If Axa does an asset management deal with Natixis or Amundi, perhaps the effects will spill over to the mutual fund business on this side of the Atlantic. Natixis and Amundi now both have big advisor-sold asset management businesses in the U.S., businesses that could in theory tap into the Axa IM investing capabilities for products here, too. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. MFDF Director Discussion Series - Open Forum via Zoom (Midwest), March 10
  2. FinReg Outlook 2021, March 10
  3. Irish Funds North American Digital Seminar, March 11
  4. MFDF webinar - Municipal and Taxable Fixed Income — A Multi-Speed Recovery, March 12
  5. 2021 Virtual Mutual Funds and Investment Management Conference, Mar 15-19
  6. Women for Impact - A Call to Action, March 16
  7. SEC & DOL Standard of Conduct Rulemakings — Present & Future Considerations, March 23
  8. Expect Miracles Foundation's Virtual Mystery Game Night, March 24
  9. MFDF Director Discussion Series - Open Forum via Zoom, March 24
  10. ETFGI Global ETFs Insights Summit - ESG & Active ETF Trends, Mar 24-25
  11. MFDF webinar - Asset Management M&A for Fund Directors — Recent Trends and Governance Issues, March 31
  12. MFDF Director Discussion Series - Open Forum via Zoom, April 7
  13. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  14. ETF.com Awards 2020, April 20
  15. The 31st Sub-Advised Funds Forum, Apr 20-21
  16. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  17. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  18. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  19. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  20. ICI 2021 General Membership Meeting - Day 1, May 6
  21. ICI 2021 General Membership Meeting - Day 2, May 13
  22. 2021 FINRA Annual Conference, May 18-20
  23. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  24. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  25. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  26. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use