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The relentless advance of American asset managers in Europe

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Photo: Jorg Greuel/Getty Images

The Financial Times

10 min read
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Powerful US groups are shaking up the market and forcing their transatlantic rivals to partner and scale up — or exit the sector.

17 December, 2024 by Harriet Agnew in London and Brooke Masters in New York

Britain’s national airline might have been expected to choose a UK-based fund manager to look after £21.5bn of pension assets. But in 2021, British Airways turned to New-York based BlackRock to run the money.

It was not the

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