INDUSTRY DEALS

© JLG Enterprises 1998-2009

2007 2006 2005
2004 2003 2002
2001 2000 1999

 

 

COUNTERPARTIES

 DEAL TYPE PRICE
2008      
DEC 08 Citi Bravura Sale of Citi's Warsaw-based transfer agency platform USD21m
NOV 08 Euroclear ICMA Acquisition of Xtrakter by Euroclear N/D
  BNP Paribas Sundaram Business Services Formation of Sundaram BNP Paribas Securities Services, an Indian JV N/D
SEP 08 IFDS Percana Minority stake in Percana N/D
AUG 08 Fulcrum Group Butterfield Fund Services Merger to create Butterfield Fulcrum Group N/D
JUL 08 KAS BANK Delta Lloyd Acquisition of Delta Lloyd Investment Managers GmbH in Germany N/D
JUN 08 BNP Paribas Bank of America Acquisition of BoA's equity prime brokerage business N/D
  Société Générale State Bank of India Establishment of custody JV, SBI SG Custodial Services N/D
  State Street SSISearch Acquisition of SSISearch N/D
MAY 08 BNY Mellon LAMP Technologies Acquisition of LAMP N/D
  State Street Deutsche Bank Acquisition of DB's Swiss fund accounting business N/D
MAR 08 JPMorgan Nordea Acquisition of Nordea's institutional global custody business N/A
  State Street FinancialSockets Acquisition of FinancialSockets N/D
FEB 08 Société Générale UniCredit Acquisition of Capitalia Group's securities services business from UniCredit EUR195m
  Deutsche Bank HedgeWorks Acquisition of HedgeWorks N/D
2007      
SEP 07 BNP Paribas Allianz Acquisition of RasBank in Italy N/D
AUG 07 Xchanging Allianz Global Investors Acquisition of 51pct of Fondsdepot Bank by Xchanging EUR13m
  State Street Palmeri Fund Administrators Acquisition of PFA N/D
JUL 07 CACEIS Olympia Capital International Acquisition of Olympia N/D
  BNP Paribas Natixis Acquisition of minority stake in SLIB N/D
  SocGen Pioneer Investments Acquisition of Pioneer's German fund administration business N/D
  BISYS Frontier Trust Acquisition of Frontier by BISYS N/D
  BNY Mellon ABN AMRO Purchase of ABN AMRO's 50pct stake in ABN AMRO Mellon N/D
  Deutsche Bank Türkiye Garanti Bankasi A.Ş. Sale of Garanti Bank's Turkish custody business N/D
  3i Fulcrum Acquisition by 3i of stake in Fulcrum USD57m
MAY 07 3i KNEIP Acquisition by 3i of minority stake in KNEIP EUR37m
  Citigroup BISYS Acquisition of BISYS Investment Services USD800m
APR 07 Capita Financial Services Global Fund Administration Acquisition of GFA N/A
  BNP Paribas RBS/BNY Acquisition of RBS International Securities Services N/A
MAR 07 BNP Paribas Banco Sabadell Agreement for BNPP to buy Exelbank N/A
  CACEIS UniCredit Purchase of HypoVereinsbank's securities processing and custody businesses N/A
FEB 07 JPMorgan Western & Southern Financial Group Acquisition of Integrated Investment Services by JPMorgan N/A
  KAS Bank Nachenius Tjeenk Sale of KAS's private banking business N/A
  State Street Investors Financial Acquisition of IFIN USD4.5bn
JAN 07 State Street Currenex Acquisition by State Street USD564m
2006      
DEC 06 Euroclear EMX Purchase of EMX N/A
  The Bank of New York Mellon Merger N/A
NOV 06 BISYS RiskMetrics Delivery of RiskMetrics' products to BISYS's hedge fund clients N/A
OCT 06 SocGen Boursorama Acquisition by SG of Squaregain N/A
  HSBC Liberty Group Acquisition of Liberty Ermitage (Luxembourg) Up to EUR8m
SEP 06 Ansbacher Fund Services Ansbacher Management buy-out of AFS N/A
  TA Associates 3i Buyout of 3i's majority stake in SmartStream Technologies N/A
  The Bank of New York Allied Irish Banks Purchase by BNY of AIB's stake in AIB/BNY N/A
  The Bank of New York Bravura Purchase by Bravura of Rufus GBP32m
AUG 06 BNP Paribas MM Warburg Acquisition by BNPP of Bankhaus Plump N/A
JUL 06 HSBC Westpac Acquisition of Westpac's Australian and NZ sub-custody business AUD150m
JUN 06 The Bank of New York Eze Castle, GTCR Golder Rauner Creation of BNY ConvergEx, incorporating BNY Securities Group N/A
APR 06 The Bank of New York JPMorgan Chase Swap of BNY's branch network for JPMC's corporate trust business USD2.3bn
MAR 06 SS&C Technologies Cogent Management Purchase of Cogent USD12.25m
  Fortis Hedge Funds Services Acquisition of HFS N/A
FEB 06 JPMorgan Paloma Partners Purchase of Paloma's middle and back office operations N/A
  Société Générale Unicredit Purchase of 2S Banca, Unicredit's securities services business EUR548m
JAN 06 Deutsche Bank JPMorgan Chase Sale of CD clearing centre to Deutsche Bank N/A
  State Street UniverseSoft Technology Company Acquisition by State Street N/A
2005      
NOV 05 US Bancorp Wachovia Sale of Wachovia's trust and custody units $720m (with additional $80m work-out)
  HSBC United Overseas Bank Purchase of UOB's stake in Asia Fund Services $2.6m
  Fortis O'Connor & Company Acquisition of O'Connor N/A
OCT 05 The Bank of New York National Australia Bank Marketing alliance for commission recapture services N/A
SEP 05 E*Trade JPMorgan Sale of BrownCo to E*Trade $1.6bn
  Investment Technology Group JPMorgan Sale of Plexus to ITG $12m
  Mellon Russell Investment Group Acquisition of Russell's share of Russell/Mellon N/A
AUG 05 BNY Nordea Strategic agreement for Nordic and Baltic regions N/A
JUL 05 Carlyle Group SS&C Technologies Purchase of SS&C $941m
  Smeets Family Trust, Citco managers, et al Sandoz Family Foundation Acquisition of Citco Group N/A
  Citigroup AGF Acquisition of Unisen from AGF N/A
  The Bank of New York BHF-BANK 50/50 JV in Germany, BHF BNY Securities Services N/A
JUN 05 Fiserv Interactive Technologies Acquisition by Fiserv N/A
  State Street Northeast Retirement Services Acquisition of interest in NRS by State Street N/A
  RBC Dexia Merger of investor services business N/A
  BNP Paribas INVESCO Purchase of Invesco's Depotbank business N/A
  Clearstream ChinaClear Memorandum of Understanding N/A
MAY05 State Street Data Explorers Marketing of Performance Explorer to State Street's clients N/A
  SS&C Technologies Financial Interactive Purchase of FI N/A
  Soros Fund Management Oak Hill Platinum Partners Strategic investment in OpHedge, start-up hedge fund administrator N/D
APR 05 The Bank of New York Mizuho Bank/Mizuho Trust Joint marketing agreement in Japan N/A
  The Bank of New York Instinet Purchase of Lynch, Jones & Ryan from Instinet $159m
MAR 05 Affiliated Computer Services Mellon Sale of Mellon's HR consulting and outsourcing businesses $405m
FEB 05 SS&C Eisner Acquisition of Eisnerfast $25.3m
  SS&C FMC Acquisition of FMC $160m
JAN 05 Mellon DPM Purchase of DPM, a hedge fund administrator N/D
         
2004      
NOV 04 Northern Trust ING Group Purchase of Baring Asset Management's financial services group (custody, trust and admin.) GBP260m
  Dexia Fund Services Banque de Neuflize Acquisition of FMS Hoche in France by Dexia N/D
  Euroclear Euronext Acquisition of CIK by Euroclear N/D
OCT 04 Citigroup ABN AMRO Acquisition of ABN AMRO's direct custody, securities clearing and fund services businesses N/D
SEP 04 BNY Brokerage Wilshire Associates Acquisition of execution and commission management assets of Wilshire Associates N/D
  BNY Wilshire Analytics Strategic alliance, integrating risk services products, including performance measurement, analytics, fixed income and equity attribution, universe comparisons, compliance, risk budgeting, and advanced risk measures N/D
  BNY Old Mutual/Standard Bank of South Africa Exclusive negotiations to establish a new South African-based joint venture investment administration company N/D
JUL 04 JPMorgan Investor Services Tranaut Fund Administration Acquisition of Tranaut N/D
  National Australia Bank BNY Transfer of UK custody business clients to BNY N/D
  BNY Netik Strategic investment by BNY N/D
MAY 04 BBH Infomediary Syllog Acquisition by BBH N/D
APR 04 Morse CSTIM Acquisition by Morse GBP5.85m initially; further GBP9.5m possible by 2006
MAR 04 JPMorgan Investor Services Vestmark Strategic alliance for managed account administration N/D
  JPMorgan Investor Services Sanlam Acquisition by JPMIS of TASC Administration (South Africa & Ireland) N/D
FEB 04 HSBC Bank of Bermuda Acquisition of BoB $1.3bn
2003        
DEC 03 Dresdner Bank Deutsche Wertpapierservice Bank Outsource of Dresdner's retail securities settlement, administration and custody safe-keeping operations N/D
NOV 03 Citigroup Forum Financial Acquisition of Forum  
OCT 03 Deutsche Bank Dresdner Bank Acquisition of Dresdner's custody unit N/D
JUN 03 Clearnet LCH Merger Merged entity (LCH.Clearnet) valued at EUR1.2bn
JUN 03 National Australia Bank Commonwealth Bank of Australia Acquisition of ComBank's custody client contracts N/D
MAY 03 Thomas Murray Watson Wyatt Promotion of TM's custody ratings and operational performance reports (Probe) to WW's client base N/D
APR 03 Northern Trust Hewitt Associates Sale of Northern's retirement consulting business N/D
JAN 03 BNY CSFB Acquisition of Pershing by BNY $2bn
2002        
NOV 02 IFDS Cofunds Strategic investment by IFDS N/D
  BNY FMC Extension of alliance, packaging FMC’s portfolio accounting, electronic trade communications, automated reconciliation and performance measurement systems with BNY's middle-office services N/D
  SEI Investments Charles Schwab Clearing Services Integration of SEI's mutual fund processing platform with Schwab's mutual fund supermarket N/D
  State Street Deutsche Bank Acquisition of Deutsche's global securities services unit Up to $1.5bn
OCT 02 BNY International Fund Administration Acquisition of IFA N/D
  BNY ING European commercial alliance in Germany, Benelux, central and eastern Europe N/D
SEP 02 Northern Trust Deutsche Bank Acquisition of Deutsche Bank’s global passive equity, enhanced equity and passive fixed income businesses c. $260m
AUG 02 JPMorgan Investor Services Plexus Acquisition of Plexus N/D
  JPMorgan Investor Services Inalytics Alliance covering European distribution and service support for Plexus products N/D
JUL 02 Mellon ABN AMRO Formalisation of alliance as joint venture N/D
  Borsa Italiana Monte Titoli Acquisition of Monte Titoli N/A
  Euroclear CrestCo Merger N/A
  State Street International Fund Services Acquisition of IFS N/D
JUN 02 BNY Tilney Investment Management Acquisition of back-office clearing and settlement capabilities N/D
MAY 02 BNP Paribas AMP Acquisition of Cogent by BNPP EUR363m
  Bisys DML Fund Services Acquisition of DML N/D
  GSTP SunGard Facilities management by SunGard for transaction flow manager, plus shareholding in GSTP N/D
APR 02 Fortis Information Bank Strategic Asset Management Solutions Formation of Fortis SAMS Analytical Services N/D
  RBC Global Services RiskMetrics Strategic alliance for a new integrated risk analytics and management product, Benchmark Risk Management N/D
MAR 02 ING Bank CSFB Acquisition of CSFB's Russian custody operation N/D
  Bisys Mutual Risk Management Purchase of Hemisphere by Bisys $130m
FEB 02 JPMorgan Investia Acquisition of Investia's majority stake in FundsHub N/D
  Deutsche Börse Cedel International Acquisition of Cedel's 50% stake in Clearstream By Deutsche Börse EUR1.6bn
  CIBC Mellon TD Bank Financial Group Acquisition of TD's investment fund custody business N/D
  AGF Management TD Bank Financial Group Acquisition of TD's fund valuation and shareholder recordkeeping business N/D
JAN 02 Deutsche Börse Computershare Joint venture offering share registration and related services in the German market and, at a later stage, in continental Europe N/D
  BNY CSFB Acquisition of Autranet by BNY N/D
  Russell/Mellon Analytical Services Combined Actuarial Performance Services Acquisition of CAPS N/D
2001        
NOV 01 Thomas Murray 'Global Custodian' magazine Creation of the most comprehensive and robust analysis of the strengths and weaknesses of custodian banks globally N/D
OCT 01 Reuters Capco Formation of Synetix, a joint venture to develop a range of software data management services which will enable financial institutions to increase operational efficiency and enhance STP Both partners investing GBP16m
SEP 01 BNY AIB AIB/BNY Trust Company, Irish JV assuming custody and trustee activities of AIB N/D
  Mellon Eagle Investment Systems Acquisition of Eagle N/D
AUG 01 Citigroup Nikko Securities Acquisition of 50% of Nikko Trust & Banking Corp. to form NikkoCiti Trust & Banking N/D
JUL 01 Citizens Financial Mellon Acquisition of Mellon's mid-Atlantic region consumer, small business and certain middle market banking operations $2bn
  BNY KAS-Associatie Acquisition of 4.9% in KAS N/D
MAY 01 Royal Trust Perpetual Trustees Australia Acquisition of Perpetual Fund Services AUD30m
  State Street DST Systems Acquisition of DST's portfolio accounting service business N/D
APR 01 BNY Accenture, Microsoft, Compaq, Advent Formation of Encompys, a company offering a comprehensive outsourcing solution for the fund management community N/D
  TOWER Trust Citibank Marketing alliance for sale of custody and admin services in New Zealand N/D
FEB 01 State Street Korea Exchange Bank Joint venture to provide a full range of fund administration services to South Korean investment funds as well as global investment firms that offer mutual funds in South Korea N/D
JAN 01 Citibank Monte Titoli Acquisition of 1.65% stake in Monte Titoli N/D
2000        
DEC 00 BNY Prebon Yamane/ Amerex Formation of EnergyClear, a joint venture to create the first industry-sponsored clearinghouse to offer comparison, netting and settlement of wholesale energy contracts for the OTC marketplace N/D
NOV 00 Investors Financial Chase Manhattan Purchase of Chase's Advisor Custody unit $42m
OCT 00 Mellon Financial Chase Manhattan Acquisition of Chase's 50% stake in ChaseMellon Shareholder Services N/D
SEP 00 Thomson Financial ESG Chase Manhattan Partnership to launch four information management services: market fees & taxes service, settlement date calculator, Chase Market Reports and Settlement System Market Practice Assessments N/D
AUG 00 BNY Bank of America Purchase of USD9bn of custodial accounts administered by Bank of America Private Bank  N/D
  Deutsche Bank Industrial Investment Trust Acquisition of IIT Corporate Services by Deutsche Bank N/D
  Deutsche Bank A Brain Strategic alliance in Korea to combine custody and fund admin services N/D
  Royal Trust SEI Investments Canada Acquisition of SEI's performance measurement business N/D
JUN 00 State Street Industrial & Commercial Bank of China Strategic alliance N/D
MAY 00 Euroclear Morgan Guaranty Transfer of operating and banking functions from Morgan Guaranty to Euroclear Bank N/D
  Deutsche Bank Mitsubishi Trust and Banking Corporation, Nippon Life Insurance Company, Toyo Trust and Banking Co Ltd, Meiji Life Insurance Company Formation of The Master Trust Bank of Japan Ltd, a master trust bank to provide securities services to the pensions funds market in Japan.   N/D
APR00 Thomson Financial ESG DTCC Formation of Omgeo, a trade processing joint venture N/D
  Clearnet London Clearing House

Collaboration to create a consolidated European clearing house as the largest central counterparty in Europe for capital, energy and commodity markets, cash and derivatives, traded on regular exchanges and/or on the OTC market

 N/D
  Chase Manhattan Investia Formation of FundsHub, joint venture fund supermarket platform $20m
MAR 00 Russell/Mellon Analytical Services Measurisk.com Exclusive alliance to offer Measurisk.com’s VaR reporting and portfolio stress testing services to Russell/Mellon’s clients worldwide. N/D
  Euroclear Sicovam Merger N/D
  Northern Trust Ulster Bank Group Acquisition of Ulster Bank Investment Services EUR13.5m
FEB 00 Deutsche Bank InterSec Research Acquisition of InterSec N/D
  Mellon Trust Cap Gemini,  AssureWeb, European Fund Administration, First European Transfer Agency, Interactive Investor International, Microsoft

Memorandum of understanding to facilitate the rapid establishment of e-business for the European mutual fund industry. The consortium will define open XML message standards for domestic and cross-border trading of mutual funds, including unit trusts, OEICs and UCITS, to permit electronic trading

 N/D
1999        
DEC 99 Citigroup State Street Formation of joint venture, CitiStreet, to deliver pensions and employee servicing products N/D
NOV 99 Euroclear Clearnet, Sicovam Alliance to offer pan-European solution for clearing, settlement and netting services N/D
  London Clearing House Government Securities Clearing Corporation, Euroclear Operations Centre  Formation of European Securities Clearing Corporation to provide netting and settlement services for European government debt securities N/D
  Cedel International Deutsche Börse Merger of Deutsche Börse Clearing with Cedel N/D
SEP 99 State Street Wachovia Bank Acquisition of Wachovia's institutional trust and custody businesses N/D
JUL 99 State Street Lloyds TSB Exit of Lloyds from custody business and recommendation to transfer clients to State Street N/D
  PNC Bank Corp. First Data Corp. Acquisition of First Data Investor Services Group by PNC $1.1bn
  State Street Development Bank of Singapore Alliance for unit trust services in Singapore N/D
MAY 99 CIBC Mellon Bank of Montreal Acquisition of BoM's global custody business N/D
  Citizens Financial State Street Acquisition of State Street's commercial banking business N/D
MAR 99 Depository Trust Company National Securities Clearing Corp. Merger N/D
  BNY RBS Trust Bank Acquisition of RBSTB GBP400m
  State Street Elkins/McSherry Acquisition of Elkins N/D