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InterSec 250 rankings 1 to 50 and 101 to 250

InterSec 250: The changing face of asset management

August 1, 1998

InterSec 250: The changing face of asset management

InterSec 250: Foreign-owned, operating under a different name

InterSec 250: Methodology

Rank ’97 Rank ’96 Institution Type Country Total mgmt ($bn) Domestic mgmt ($bn) Foreign mgmt ($bn)
1 1 Kampo IN Japan 821.57 821.57 –
2 2 Groupe Axa IN France 529.26 285.8 243.46
3 3 UBS = BK Switz. 485.5 63.05 421.95
4 4 Barclays Global Investors BK UK 485.36 94.77 390.59
5 7 Credit Suisse BK Switz. 334.5 56.87 277.64
6 5 Swiss Bank Corp == BK Switz. 334 240.48 93.52
7 6 Nippon Life IN Japan 316.69 316.69 – 
8 9 Deutsche Bank Group BK Germany 235.42 66.18 169.23
9 8 Zenkyoren IN Japan 232.44 232.44 –
10 12 Allianz Group IN Germany 226.24 151.58 74.66
11 10 Dai-Ichi Mutual Life IN Japan 220.91 220.91 –
12 21 Zurich Insurance Group IN Switz. 203.62 38.8 164.82
13 13 Dresdner Bank Group BK Germany 202.71 113.52 89.19
14 15 Prudential Corp IN UK 195.13 144.78 50.35
15 14 Caisse des Dépôts BK France 183.76 183.76 –
16 11 Sumitomo Mutual Life IN Japan 181.56 181.56 –
17 17 Schroder Invest. Man. BK UK 175.39 128.56 46.83
18 23 ING Group IN Netherlds 165.74 47.87 117.87
19 38 Aegon IN Netherlds 147.98 37 110.99
20 20 Meiji Mutual Life IN Japan 136.77 136.77 –
21 30 Fortis Group IN Belgium 136 53.86 82.15
22 22 Algemeen Burgerlijk PF Netherlds 130.4 130.4 –
23 16 Mitsui Trust & Banking BK Japan 125.05 125.05 –
24 * Indocar BK France 123.17 121.18 2
25 19 Mitsubishi Trust & Bank. BK Japan 119.63 119.63 –
26 24 Sumitomo Trust & Bank. BK Japan 115.94 115.94 –
27 26 Commercial Union == IN UK 115.17 29.62 85.55
28 25 Yasuda Trust & Banking BK Japan 105.8 105.8 –
29 ** Bayr. Hypo & Vereinsbank BK Germany 104.55 67.96 36.59
30 27 Daiwa Trust & Banking BK Japan 103.63 103.63 –
31 50 Legal & General IN UK 100.36 95.34 5.02
32 Ð Fleming Investment Man. BK UK 100.2 44.09 56.11
33 47 Commerzbank Group BK Germany 97.7 49.75 47.95
34 36 Münchner Rückversich. IN Germany 95.5 95.5 –
35 29 Sun Life of Canada IN Canada 95.34 8.39 86.95
36 48 Société Générale BK France 94.5 89.77 4.73
37 44 Desjardin-Laurentian Fin. IN Canada 93.2 93.2 –
38 28 Asahi Mutual Life IN Japan 92.46 92.46 –
39 37 Standard Life IN UK 89.86 89.86 –
40 41 Allmanna Pensionsfonds PF Sweden 88.52 88.52 –
41 42 Royal Sun Alliance IN UK 87.2 57.59 29.61
42 54 Deka Despa Group IM Germany 83.42 83.42 –
43 31 Toyo Trust & Banking BK Japan 82.31 82.31 –
44 34 Crédit Lyonnais BK France 81.67 65.33 16.33
45 39 Nomura Group IM Japan 79.95 79.95 –
46 40 Mitsui Mutual Life IN Japan 79.36 79.36 –
47 55 Norwich Union IN UK 78.19 68.28 9.91
48 56 ABN Amro BK Netherlds 76.56 31 45.57
49 52 Gartmore Investment Man. IM UK 75.97 70.45 5.52
50 45 BNP BK France 74.63 68.64 5.99
101 110 Union Bancaire Privée BK Switz. 32.22 32.22 –
102 100 Nippon Dantai Life IN Japan 31.47 31.47 –
103 104 Union Investment IM Germany 30.09 16.18 13.9
104 126 Sarasin BK Switz. 29.17 29.17 –
105 116 Guardian Royal Exchange IN UK 28.91 28.91 –
106 113 Arbejdsmarkedts Tillaegs PF Denmark 28.87 28.87 –
107 105 M&G IM UK 28.71 28.71 –
108 106 Friends Provident IN UK 28.4 26.04 2.36
109 201 Banca Commerciale Ital. BK Italy 28.28 28.28 –
110 130 Achmea IN Netherlds 28.22 27.65 0.56
111 109 Yasuda Fire & Marine IN Japan 27.99 27.99 –
112 121 Canada Life IN Canada 27.91 11.03 16.88
113 Ð Sanpaolo BK Italy 27.41 27.41 –
114 124 Mutual Group IN Canada 27 25 2
115 114 Clerical Medical IN UK 26.98 26.98 –
116 112 Co-Operative Insurance IN UK 26.98 26.98 –
117 95 Groupe des Assur. Nat. IN France 26.6 26.6 –
118 162 Universities Superann. PF UK 26.32 26.32 –
119 117 Eidgenossische Versich. IN Switz. 26 26 –
120 161 TD Asset Management IM Canada 25.53 25.53 –
121 136 TAL Investment Counsel IM Canada 25.16 25.16 –
122 119 Colonia/Nord. Lebens. IM Germany 25 24 1
123 120 Victoria Feuer IN Germany 25 25 –
124 111 Dai-Hyaku Mutual Life IN Japan 24.93 24.93 –
125 122 PVF IM Netherlds 24.66 24.17 0.49
126 125 Scottish Amicable IN UK 24.54 24.54 –
127 146 Kredietbank BK Belgium 24.5 24.5 –
128 134 Sanlam IN South Af. 23.3 23.3 –
129 140 Bk of Ireland Asset Man. BK Ireland 22.81 22.81 –
130 129 Volksfürsorge IN Germany 22.5 20 2.5
131 158 Investors Group UT Canada 22.36 19.01 3.35
132 138 Henderson Investors IM UK 22.08 22.08 –
133 181 Riunione IN Italy 22.06 11.31 10.75
134 132 Gerling Konzern IN Germany 22 22 –
135 133 Iduna Group IN Germany 21.8 21.8 –
136 148 Baillie Gifford IM UK 21.73 21.73 –
137 166 INA IN Italy 21.49 21.49 –
138 143 Nissan Life IN Japan 21.25 21.25 –
139 177 Omers PF Canada 20.96 13.67 7.29
140 135 Mitsui Marine & Fire IN Japan 20.58 20.58 –
141 128 Lend Lease Invest. Man. IM Australia 20 20 –
142 152 Govt Empl. Pension Fund PF South Af. 19.8 19.8 –
143 142 IMI BK Italy 19.8 19.8 –
144 144 Sumitomo Marine & Fire IN Japan 19.58 19.58 –
145 137 Banco Bilbao Vizcaya BK Spain 19.5 19.5 –
146 157 British Gas PF UK 19.23 18.85 0.39
147 180 Mackenzie Financial Corp IM Canada 19.19 18.34 0.86
148 86 Groupe Royale Belge IN Belgium 19.07 19.07 –
149 171 Trimark Investment Man. UT Canada 19.04 18.85 0.19
150 131 Nippon Trust Bank BK Japan 19 19 –
151 149 SNS Group BK Netherlds 19 19 –
152 153 WestLB BK Germany 18.91 15.29 3.62
153 141 Folksam IN Sweden 18.7 18.7 –
154 172 Phillips Hager & North IM Canada 18.58 18.58 –
155 163 Liberty Life IN South Af. 18.54 17.24 1.3
156 174 National Provident IN UK 18.1 18.1 –
157 173 Uni Storebrand Group IN Norway 18 9 9
158 176 Sal Oppenheim BK Germany 17.76 16.82 0.95
159 156 Newton Investment Man. IM UK 17.61 17.61 –
160 155 Darier Hentsch BK Switz. 17.3 17.3 –
161 139 Danica Forsikring IN Denmark 17.13 17.13 –
162 147 Dai-Ichi Kangyo Asahi IM Japan 16.97 16.97 –
163 178 Pohjola IN Finland 16.86 1.01 15.85
164 214 Bayern Versicherung IN Germany 16.68 16.68 –
165 228 Deutscher Herold IN Germany 16.68 16.68 –
166 91 Scottish Widows IN UK 16.68 16.63 0.05
167 154 Delta-Lloyd IN Netherlds 16.46 16.46 –
168 193 Swissca Fondseleitung IM Switz. 16.45 16.45 –
169 186 Cazenove Asset Man. IM UK 16.45 16.45 –
170 191 British Petroleum PF UK 16.45 16.45 –
171 Ð Nordbanken BK Sweden 16.38 16.14 0.25
172 159 Nippon Fire & Marine IN Japan 16.19 16.19 –
173 Ð Fondigest IM Italy 16.08 16.08 –
174 115 La Baloise IN Switz. 16.05 3.28 12.77
175 Ð Arca IM Italy 15.35 15.35 –
176 217 Hambros BK UK 15.3 15.3 –
177 168 Folktrygfondet PF Norway 15.2 15.2
178 150 Trygg-Hansa Spp Group IN Sweden 15.12 11.34 3.78
179 211 BHF Bank Group BK Germany 15.02 7.51 7.51
180 167 Cardif IN France 15 15 –
181 202 Shell PF UK 14.81 14.66 0.15
182 169 Philips PF Netherlds 14.8 14.17 0.63
183 Ð Vontobel Group BK Switz. 14.53 14.53 –
184 190 Public Auth. Superann. PF Australia 14.33 14.33 –
185 216 Scottish Provident IN UK 14.31 10.86 3.46
186 203 Gothaer Versicherungsgr. IN Germany 14.08 14.08 –
187 221 CBA Financial Services IM Australia 14.07 14.07 –
188 183 Shell PF Netherlds 14 14 –
189 239 AIB Investment Managers BK Ireland 13.89 8.13 5.76
190 185 Les Fils Dreyfuss BK Switz. 13.8 13.8 –
191 206 Altimira Management IM Canada 13.7 13.3 0.4
192 184 Crédit National (Natexis) BK France 13.7 13.7 –
193 195 Allfonds Investment IM Germany 13.51 13.51 –
194 196 Cariplo BK Italy 13.4 13.4 –
195 182 Metaalnijverheid Bedrijf. PF Netherlds 13.32 10.21 3.11
196 188 Crédit Mutuel BK France 13.3 2.9 10.4
197 204 Nürnberger Lebensv. IN Germany 13.08 12.69 0.39
198 194 Athena IN France 13.04 12.38 0.66
199 187 Nichodo Fire & Marine IN Japan 12.9 12.9 –
200 192 Shin-Wako Group IM Japan 12.9 12.9 –
201 234 Unibank BK Denmark 12.85 12.85 –
202 244 Irish Life IN Ireland 12.83 11.4 1.43
203 179 NSW State Super Corp PF Australia 12.71 12.71 –
204 – Singer & Friedlander BK UK 12.67 9.05 3.62
205 232 Sceptre Invest. Counsel IM Canada 12.58 12.58 –
206 199 Patria-Helvetia IN Switz. 12.5 12.5 –
207 231 Universal Investment IM Germany 12.42 12.42 –
208 240 GIO Australia Holdings IN Australia 12.4 10.4 2
209 212 Codan Group IN Denmark 12.4 12.4 –
210 226 RZB Austria BK Austria 12.25 12.25 –
211 215 British Airways Pension PF UK 12.23 12.23 –
212 189 Siemens PF Germany 12.2 12.2 –
213 208 Queensland Invest. Corp PF Australia 12.06 10.35 1.71
214 – Edinburgh Fund Managers IM UK 12.01 12.01 –
215 209 Bouwnijverheid Bedrijfs. PF Netherlds 11.84 11.84 –
216 205 Alte Leipziger IN Germany 11.8 11.8 –
217 198 Dai-Tokyo Fire & Marine IN Japan 11.79 11.79 –
218 222 Stad Rotterdam IN Netherlds 11.74 11.74 –
219 213 Macquarie Invest. Man. BK Australia 11.73 11.53 0.2
220 249 Westpac Invest. Man. IM Australia 11.73 11.73 –
221 219 AIG Global Invest. Corp IM Canada 11.65 11.54 0.12
222 – Credito Romagnolo BK Italy 11.54 11.54 –
223 245 Royal London IN UK 11.52 9.71 1.81
224 246 Fondiaria IN Italy 11.31 10.49 0.82
225 225 Chiyoda Fire & Marine IN Japan 11.29 11.29 –
226 200 Kokusai Group IM Japan 11.27 11.27 –
227 218 Württembergische Vers. IN Germany 11.2 11.2 –
228 197 Tokyo Life IN Japan 11.06 11.06 –
229 233 Canton Zürich PF Switz. 10.97 4.94 6.03
230 165 Permodalan Nasional IM Malaysia 10.9 10.9 –
231 – Spar-Invest BK Austria 10.86 10.86 –
232 210 Comp. Parisienne de Rées.IM France 10.85 10.63 0.22
233 220 Dai-Ichi Fire & Marine IN Japan 10.78 10.78 –
234 223 Koa Fire & Marine IN Japan 10.7 10.7 –
235 238 Global Asset Management IM UK 10.62 10.4 0.22
236 230 British Steel PF UK 10.6 10.6 –
237 227 Fuji Fire & Marine IN Japan 10.57 10.57 –
238 236 Huk-Coburg IN Germany 10.34 10.34 –
239 207 Taiyo Group IM Japan 10.11 10.11 –
240 175 Les Mutuelles IN France 10.07 10.07 –
241 224 Debeka Gruppe IN Germany 9.97 9.97 –
242 247 Connor Clark Lunn IM Canada 9.43 9.15 0.28
243 235 Deutsche Kronken IN Germany 9.4 9.4 –
244 237 Interpolis IN Netherlds 9.15 4.4 4.75
245 229 Asahi Group IM Japan 8.95 8.95 –
246 248 Jarislowsky Fraser IM Canada 8.8 8.8 –
247 101 Hamburg-Mannheimer IN Germany 8.73 8.73 –
248 164 PKA Pensions IN Denmark 8.7 0.79 7.92
249 – McLean Budden IM Canada 8.65 8.65 –
250 – Gjensidige Forsikring IN Norway 7.76 7.76 –
= Merged in 1998 to form UBS AG
== Merging with General Accident
* Crédit Agricole ranked 33
** Merger in progress. Last year Hypobank ranked 58 and Vereinsbank 93
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