Announced
Completed
Financials
Tags
Asset Managers and Custodians
investment management
Private
United States
Acquisition
Friendly
Domestic
Majority
Single Bidder
Completed
Synopsis
Morgan Stanley completed the acquisition of Eaton Vance, a provider of advanced investment strategies and wealth management solutions, for $7bn. “Eaton Vance is a perfect fit for Morgan Stanley. This transaction further advances our strategic transformation by continuing to add more fee-based revenues to complement our world-class investment banking and institutional securities franchise. With the addition of Eaton Vance, Morgan Stanley will oversee $4.4tn of client assets and AUM across its Wealth Management and Investment Management segments,” James P. Gorman, Morgan Stanley Chairman and Chief Executive Officer.
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