CS deal to boost iShares’ Asia insto, private bank biz
The question remains, however, as to whether Joseph Ho will stay with BlackRock once it acquires Credit Suisse’s ETF business.
BlackRock’s agreement to buy Credit Suisse’s exchange-traded funds arm may be a Europe-centred deal, but the international nature of the ETF industry gives the move global implications.
The deal was announced yesterday, is subject to regulatory approvals and is expected to complete within the first half of 2013. The terms were not disclosed.
It will strengthen BlackRock’s position as the biggest ETF provider in Europe by assets under management. Credit Suisse’s $17.6 billion in …
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