BlackRock acquires Merrill's stake in Indian fund manager

BlackRock acquires Merrill Lynch's 40% stake in DSP Merrill Lynch Fund Managers as part of the global deal between the companies.

Asset management firm BlackRock will acquire 40% of Indian asset management company DSP Merrill Lynch Fund Managers. No financial details have been disclosed.

The move is in line with the realignment of Merrill LynchÆs asset management business globally. In September 2006 Merrill Lynch combined its investment management business, Merrill Lynch Investment Managers, with BlackRock in exchange for a 49% economic stake in the merged enterprise. The new entity, which was created via the merger, operates under the Black...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...