Big getting bigger
Do you expect to see consolidation of the fund administration sector in the short/medium term?
Recently two of the industry’s biggest administrators, BNY Mellon and State Street, acquired sizeable alternative investment services business. State Street led the way in December 2009 with the acquisition of Mourant International Finance Administration from offshore law firm Mourant du Feu & Jeune. In early February 2010, BNY Mellon announced it was buying PNC’s global investment services
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