Generali set to become one of Europe’s biggest asset managers through US-based Conning acquisition
The TRADE
JULY 7, 2023
Generali has entered a definitive agreement to acquire US-based Conning from Cathay Life in a deal that will see it become one of the largest asset management firms in Europe. Earlier this year, UK asset manager Liontrust also entered into a conditional agreement to acquire Swiss asset management company, GAM Holding for £96 million.
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