Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:This Is What Drove the Deal For American Century Not Rated 1.0 Email Routing List Email & Route  Print Print
Monday, December 28, 2015

This Is What Drove the Deal For American Century

Reported by Neil Anderson, Managing Editor

A key factor behind the American Century-CIBC-Nomura [profile] deal is new distribution opportunities.

Michael Green
American Century
Chief Executive Officer, International
Last week Japanese multi-national Nomura unveiled a $1-billion deal to buy CIBC's 41-percent stake in American Century. Michael Green, senior vice president of global client relationships at American Century, talked with MFWire about the deal, which is slated to close within the first half of 2016.

London-based Green says that the deal could boost Kansas City, Missouri-based American Century's retail distribution outside of the U.S. And for Nomura, the deal offers new investment strategies and strengths to offer through its existing distribution networks in Japan and Asia.

American Century's international business dates back to 2008, when Green joined as its first outside-the-U.S. employee. Though American Century does significant retail and advisor distribution in the U.S., "outside the U.S. it's almost entirely an institutional business," Green says. American Century now has about $12.5 billion in international business, "overwhelming in separate accounts," Green says, and mostly in global and emerging market equity strategies.

CIBC bought its American Century stake four years ago. When CIBC decided to sell the stake, Green says, the American Century folks "were looking for a few things" in a buyer: someone that's ok being a monetary owner while letting American Century stay independent; someone that's a good "cultural fit"; and someone that has an asset management business that doesn't overlap much with American Century. Nomura, with its focus on Asia and Japan, fit all three.

"CIBC essentially gave us the opportunity to find a partner to replace them that they would like," Green says.

Green expects the biggest impact of the deal, for American Century, to be in Japan. And he says that American Century will look at bringing Nomura's strategies to U.S. investors.

"We haven't had the time to study what they really have yet," Green says, adding that there are "very few overlaps" between American Century's and Nomura's offerings. "From a client type point of view, it might make sense to look at a mutual fund shape." 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

1.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q4Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  2. IDC webinar - A Primer on Digital Assets, Tokenization, and Distributed Ledger Technology, September 3
  3. WE U.S. - Women in Finance brunch at Dallas Securities Traders Association conference, September 4
  4. FutureProof Festival, Sep 7-10
  5. WE SoCal - Welcome Mixer at FutureProof, September 8
  6. WE US - ICI conference luncheon, September 8
  7. ICI ETF Conference, Sep 8-10
  8. WE Chicago - Unstoppable: A Journey of Resilience and Redefining Limits, September 9
  9. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  10. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  11. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  12. WE San Francisco - Annual Networking Event, September 11
  13. 2025 MMI Institutional Forum, September 11
  14. IDC webinar - Distribution for Fund Directors: Evolution and Trends, September 15
  15. IMEA Content Management Roundtable, September 16
  16. IMEA 2025 Star Awards Celebration, September 16
  17. IMEA Marketing Summit, Sep 16-17
  18. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  19. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  20. WE PNW - Mentorship Program Virtual Session: Building Trust to Win New Business and Influence Others, September 23
  21. Nicsa webinar - Utilizing AI to Enhance Distribution & Advisor Engagement, September 24
  22. IMEA Portfolio Construction Roundtable, September 24
  23. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  24. IMEA Models Roundtable, September 25
  25. Expect Miracles Atlantic Coast Classic 2025, September 29
  26. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use