Wall Street & Technology: Blog: Bulge Bracket Firms Eye Acquisition Targets and Focus on Alternative Investments, Says TowerGroup's Hegarty

January 18, 2006

Bulge Bracket Firms Eye Acquisition Targets and Focus on Alternative Investments, Says TowerGroup's Hegarty

Bolstered by record profits in 2005, the securities industry may see an increase in consolidation activity in 2006, according to Robert Hegarty, managing director in TowerGroup's securities and investments practice. Both smaller financial firms and innovative industry-specific technology providers will be on the menu for many bulge-bracket firms in the coming year. In addition, Hegarty says firms may need to rapidly bolster trading infrastructure as trading volumes are set to explode and as new alternative investments increase the stress on the back office.

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Posted by Vitali Zhulkovsky at 10:06 AM

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Bulge Bracket Firms Eye Acquisition Targets and Focus on Alternative Investments, Says TowerGroup's Hegarty

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