Morgan Stanley has agreed to buy Eaton Vance for $7bn (£5.4bn) – a move that will nearly double the size of its investment management business.
Eaton Vance currently has around $500bn in assets under management (AUM). Following the acquisition, Morgan Stanley Investment Management (MSIM) will have AUM of $1.2trn and revenues of over $5bn. ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
