TowerGroup, the Needham-based research and advisory company for the financial services industry, has published a number of new research reports providing insight on how the recent turmoil in the financial industry affects the investment management and capital markets sectors.
How the Massive Upheaval on Wall Street Will Impact the Investment Management Business
Within a week, the bankruptcy filing of Lehman Brothers, the acquisition of Merrill Lynch by Bank of America, and possible acquisitions of Morgan Stanley and Goldman Sachs by larger entities means a wholesale restructuring of the US capital markets industry. These major events in US capital markets will have a major impact on the investment management business. This Note examines the effect the changes on Wall Street will have on the investment management business in the services to managers, including trade execution, securities lending, and capital commitment. It also analyzes the effect on IT spending at asset management firms, examining where budgets will be cut or may even grow.
Realigning an Industry: New Structure of Capital Markets After Demise of Lehman and Sale of Merrill
Securities & Capital Markets
Brokerage & Wealth Management
This TowerGroup ViewPoint assesses the implications for the capital markets industry of the bankruptcy filing of Lehman Brothers and the acquisition of Merrill Lynch by Bank of America. These two events, taking place virtually simultaneously over the weekend of September 13 and 14, will represent the most significant change to US capital markets stucture since the 1930s.
To find these Research Reports please go to the TowerGroup web site at http://www.towergroup.com/