The Allianz Group is one of the top asset managers and insurers in the world, serving more than 126 million private and business clients across more than 70 nations. Customers of Allianz receive a wide range of personal and commercial insurance services, including credit insurance, international business insurance, assistance services, life and health insurance, and property insurance. One of the biggest investors in the world, Allianz oversees 706 billion euros on behalf of its insurance clients. Furthermore, nearly 1.7 trillion euros worth of assets belonging to third parties is managed by our asset managers PIMCO and Allianz Global Investors. They continue to be acknowledged as one of sustainable insurers in the Dow Jones Sustainability Index due to the systematic integration of environmental, social, and governance criteria in our operations, business processes, and investment decisions (September 23, 2022). More than 155,000 workers contributed to the group's operating profit of 13.4 billion euros and total revenues of 148.5 billion euros in 2021.

With the help of technology, Allianz workers may quickly and easily evaluate their requests to work remotely. It eliminates the confusion of hundreds of regulations and innumerable possible country combinations by combining all of the accessible data. Employees only need to answer six questions to find out whether their request has been granted. Employees of Allianz can now quickly determine whether they can work remotely from the nation of their choosing by making a few quick clicks, as opposed to initiating a multi-step, time-consuming, and expensive manual process carried out by external experts.

Founded: 5 February 1890

Revenue: €148.51 billion (2021)

AUM: €2.61 trillion (2021)

Website: https://www.allianz.com/

Phone: +49 89 3800 63191

Ranking: 1 of the 10 Top Asset Management Firms

As responsible asset managers, they make active long-term investments to benefit their clients, the general public, and the planet at large. They are able to find the best worldwide investment opportunities across alternative and core asset classes thanks to our conviction-led strategy. They already have more than €887 billion1 in assets entrusted to them. A team of more than 2,400 people working as a part of the AXA Group, a global leader in financial protection, combines a variety of specialized talents and experience to best meet the needs of clients. The mix of responsible, active, and long-term characterizes not only their investing strategy but also their company practices, the foundation of our client partnerships, and what motivates individuals.

Megatrends including climate change, longevity, technology, and regulation are pushing the world economy toward a more egalitarian and sustainable model. We hope to actively contribute to accelerating that transformation by promoting sustainability.

Founded: 1816

Net income: €7.29 billion (2021)

AUM: US$b 1.170 (2022)

Website: https://www.axa-im.com/

Phone: +33144457000

Ranking: 2 of the 10 Top Asset Management Firms

An American multinational investment firm with headquarters in New York City is called BlackRock, Inc. BlackRock, the largest asset manager in the world as of January 2022, was established in 1988 and initially served as a risk management and institutional fixed-income asset manager. BlackRock has clients in 100 countries and 70 offices spread across 30 different nations. BlackRock is regarded as one of the Big Three index fund managers that rule corporate America, together with Vanguard and State Street.

BlackRock has aimed to establish itself as a market leader in terms of corporate governance, social responsibility, and the environment (ESG). The business has been under fire for contributing to the acceleration of climate change, maintaining tight relations with the Federal Reserve System during the COVID-19 pandemic, engaging in anticompetitive conduct, and making unheard-of investments in China.

BlackRock makes investments on behalf of its clients, including those who own iShares ETF units, in a variety of publicly traded businesses, some of which are in direct competition with one another. BlackRock frequently appears among the largest shareholders of these corporations due to the size of its funds. Examples include the technology companies Apple (which BlackRock is listed as owning 6.34%) and Microsoft (6.77%), as well as the financial services companies Wells Fargo (4.30%) and JPMorgan Chase (4.41%). Despite acknowledging that these shares can be used to cast shareholder votes on behalf of these clients, often without the customer's consent, BlackRock maintains that these shares are ultimately owned by the company's clients, not by BlackRock.

Nevertheless, this ownership concentration has sparked worries about the potential anticompetitive activity. In a study published in 2014 titled "Anticompetitive Effects of Common Ownership," the impact of this kind of common ownership on airline ticket costs was examined. The study discovered that when competing airlines are more frequently owned by the same group of investors, prices increase and supply decreases. The authors point out that a price increase need not necessarily indicate intentional cooperation among the common owners; instead, it may just indicate that these businesses are no longer "too lazy to compete" with one another.

Founded: 1988

Revenue: US$19.17 billion (2021)

AUM: US$10.01 trillion (2021)

Website: https://www.blackrock.com/
Phone: 212-810-5300
Ranking: 3 of the 10 Top Asset Management Firms

In order to help pay for the expansion of Switzerland's rail system, Credit Suisse was established in 1856. It made loans that were used to build the European rail network as well as the electrical grid in Switzerland. In response to the rise of the middle class and competition from fellow Swiss banks UBS and Julius Bär, it started to transition to retail banking in the 1900s. Before acquiring a majority interest in the bank in 1988, Credit Suisse formed a partnership with First Boston in 1978. The business acquired organizations like the Winterthur Group, Swiss Volksbank, Swiss American Securities Inc. (SASI), and Bank Leu between 1990 and 2000. The Qatar Investment Authority and BlackRock are Credit Suisse's two largest institutional shareholders, with about 5% each, followed by the US mutual fund companies Harris Associates (the largest shareholder as of August 2022 with 10.1%) and Dodge & Cox, the Norwegian central bank, and the Saudi Arabian Olayan Group.

The corporation, one of the least damaged banks during the global financial crisis, started slashing costs, performing layoffs, and downsizing its investment division subsequently. Multiple worldwide investigations into the bank's tax evasion led to a guilty plea and the loss of US$2.6 billion in fines between 2008 and 2012. Over CHF 1.6 trillion in assets were being managed by Credit Suisse in 2021.

Founded: 1856

Revenue: SFr 22.7 billion (2021)

AUM: SFr 1.61 trillion (2021)
Website: https://am.credit-suisse.com/

Phone: +41 44 333 11 11

Ranking: 4 of the 10 Top Asset Management Firms

Originally known as Fidelity Management & Research or FMR, Fidelity Investments is a Boston, Massachusetts-based American international financial services firm. The corporation was founded in 1946 and, as of December 2021, had $11.8 trillion in assets under administration, making it one of the largest asset managers in the world with $4.5 trillion in assets under management. Fidelity Investments maintains a vast family of mutual funds, runs a brokerage business, and offers fund distribution, investment counseling, retirement services, index funds, wealth management, securities execution and clearance, asset custody, life insurance, and index funds.

It has been said that a private venture capital company, F-Prime Capital Partners, run on behalf of the owners and other important executives of Fidelity Investments, competes directly with those funds. In certain instances, according to a 2016 Reuters investigation, F-Prime Capital Partners was able to make investments for a fraction of the cost of Fidelity Investments. The investments made by F-Prime Capital Partners prevent Fidelity from making the same initial investments due to SEC requirements. According to the research, this rivalry compels Fidelity to invest later and at far greater costs than F-Prime Capital Partners, which reduces returns for Fidelity fund shareholders.

Although the method is lawful, according to experts in corporate governance, it clearly creates a conflict of interest for the company. According to spokespeople at Fidelity, they are abiding by all rules and laws. Six of the ten F-Prime Capital companies where Fidelity Investments became one of the biggest investors after the start-up companies went public are documented in the same Reuters study. Legal and academic authorities opined that significant investments made by Fidelity mutual funds with their market-moving purchasing power may be seen as supporting the valuations of the F-Prime Capital investments to the advantage of Fidelity insiders. In regards to this portion of the investigation, Fidelity declined to comment.

Founded: 1946

Revenue: US$24 billion (2021)

AUM: US$4.5 trillion (Dec 2021)

Website: https://www.fidelity.com/

Phone: +1 800-544-2769

Ranking: 5 of the 10 Top Asset Management Firms

JPMorgan Chase & Co. is a Delaware-incorporated, New York City-based international investment bank and financial services holding corporation. With total assets of US$3.774 trillion as of 2022, JPMorgan Chase is the largest bank in the country, the largest bank globally by market capitalization, and the sixth-largest bank globally in terms of total assets. In addition, JPMorgan Chase is included as the 24th largest American firm by total revenue on the Fortune 500 list. The Financial Stability Board views this bank as one with systemic importance.

It is a significant supplier of various investment banking and financial services as a "Bulge Bracket" bank. Along with Bank of America, Citigroup, and Wells Fargo, it is one of the Big Four banks in the United States. JPMorgan Chase is regarded as a custodian bank and a worldwide bank. The divisions of investment banking, asset management, private banking, wealth management, commercial banking, and treasury services all operate under the J.P. Morgan name. Private banking and private wealth management activities involving fiduciary duties are overseen by JPMorgan Chase Bank, N.A., the actual trustee.

The Chase brand is used for the bank's retail banking operations in the US and the UK, as well as credit card services there. Both the Chase and J.P. Morgan brands are used by JPMorgan Chase's commercial banking division. Since the previous headquarters building across the street, 270 Park Avenue, was destroyed and a larger new headquarters is being constructed on the same site, the bank's corporate headquarters are currently housed at 383 Madison Avenue in Midtown Manhattan, New York City. The current business was once known as Chemical Bank, which took on Chase Manhattan's name after the acquisition. When J.P. Morgan & Co. and Chase Manhattan Corporation combined in 2000, the current business was created.

Founded: December 1, 2000

Revenue: US$121.65 billion (2021)

AUM: US$3.11 trillion (2021)

Website: https://am.jpmorgan.com/

Phone: (800) 766-7722

Ranking: 6 of the 10 Top Asset Management Firms

The American investment management company PIMCO (Pacific Investment Management Company, LLC) specializes in global active fixed-income management. Asset classes managed by PIMCO include fixed income, stocks, commodities, asset allocation, exchange-traded funds (ETFs), hedge funds, and private equity. One of the biggest investment managers, PIMCO actively manages more than $2 trillion in assets on behalf of central banks, sovereign wealth funds, pension funds, businesses, foundations and endowments, and private investors worldwide. The headquarters of PIMCO is located in Newport Beach, California, and the company employs approximately 3,100 people in 22 offices around the Americas, Europe, and Asia.

As of November 1, 2016, Emmanuel Roman was named CEO of PIMCO. Douglas M. Hodge, who served as CEO from 2014 to 2016, was succeeded by him. The group's chief investment officer (CIO), Dan Ivascyn, is responsible for investment strategy and portfolio management in general. There are five additional CIOs: Mihir Worah, CIO of Real Return and Asset Allocation; Scott Mather, CIO of U.S. Core Strategies; Mark Kiesel, CIO of Global Credit; and Andrew Balls, CIO of Global Fixed Income. Roman received the Chicago Booth Distinguished Alumni Award in 2019 in honor of his exceptional career accomplishments. Ivascyn was inducted into the Fixed Income Hall of Fame in 2019 which recognizes leaders and pioneers who have transformed capital markets and established enduring legacies.

Founded: 1971

Revenue: $149.9M (2021)

AUM: US$2.0 trillion (March 31, 2022)

Website: https://www.pimco.com/

Phone: 888.877.4626

Ranking: 7 of the 10 Top Asset Management Firms

Swiss-born and-bred UBS Group AG is a global investment bank and provider of financial services. It has a presence in all significant financial hubs as the largest private bank in the world and the largest banking institution in Switzerland, with co-headquarters in the cities of Zürich and Basel. The stringent bank-client confidentiality and culture of banking secrecy are hallmarks of UBS customer services. The Financial Stability Board views the bank as a globally systemically important bank due to its significant market positions in the Americas, EMEA, and Asia Pacific.

In addition to private banking, UBS offers private, corporate, and institutional clients international service wealth management, asset management, and investment banking services. UBS controls the majority of the world's private wealth and counts over half of all billionaires among its clientele. UBS nonetheless maintains a global investment bank and is regarded as a leading market maker despite cutting back on its sell-side operations. The bank also operates a large number of bunkers, underground bank vaults, and facilities for gold bar storage abroad and in the Swiss Alps. It has been the focus of various tax evasion investigations conducted by U.S., French, German, Israeli, and Belgian authorities, in part because of its banking secrecy.

With a market capitalization of $63 billion as of May 2022, UBS is the third-largest bank in Europe. One of the nine major banks was designated as "Bulge Brackets." Its assets under management (AUM) total more than CHF 3.2 trillion, of which about CHF 2.8 trillion are invested assets. Its return on invested capital in June 2017 was 11.1%, surpassing that of Goldman Sachs (9.35%) and JPMorgan Chase (9.456%). To strengthen its cyber security and encrypt client activities, UBS opened a blockchain technology research lab in London at the end of 2016. UBS is regarded as one of the "largest, most powerful financial firms in the world" based on regional deal flow and political clout. The corporation has a substantial market share in banking and a high level of brand loyalty because of its financial stability, security measures, and reputation for discretion. On the other hand, it frequently draws criticism for encouraging tax evasion and offshore finance. The U.S. Federal Reserve's major dealer and Forex counterparty are UBS.

Founded: 29 June 1998

Revenue: US$35.54 billion (2021)

AUM: US$b 4.240 (2021)

Website: https://www.ubs.com/

Phone: +41 44 234 85 00

Ranking: 8 of the 10 Top Asset Management Firms

With almost $4.14 trillion (USD) in assets under management as of December 31, 2021, State Street Global Advisors (SSGA), the investment management arm of State Street Corporation, is the fourth-largest asset manager in the world. The business provides financial clients with services by developing and managing investment strategies for international asset managers, corporate treasurers and CFOs, governments, businesses, endowments, non-profit foundations, and other intermediaries. SSGA has 2,500 employees working for them in 28 different nations. It had 142 exchange-traded funds (ETFs) under its ownership and control as of March 2021.

SSGA develops specialized investment plans for organizations. In order to manage the assets for its clients, SSGA creates commingled funds (otherwise known as common trust funds). As of March 2007, SSGA offered 46 ETF investment products in addition to institutional solutions on the US market. Depending on market size, investing style, sector, industry, or commodity, the ETFs follow both domestic and foreign indices. Under the street tracks brand, ETF goods are also offered in other regions of the world like Belgium, France, Hong Kong, and Singapore. SSGA offers 26 mutual fund products that are broken down into four categories: diversified funds of funds, bonds, and money markets (also known as lifestyle funds). For the purpose of creating regional investment strategies for clients, SSGA collaborates with seven businesses in diverse markets.

Founded: 1978

Revenue: $12,078 Millions of US $ (2020)

AUM: $4.14 trillion (December 31, 2021)

Website: https://www.ssga.com/

Phone: 617-786-3000

Ranking: 9 of the 10 Top Asset Management Firms

As of January 13, 2021, The Vanguard Group, Inc., an American registered investment advisor with headquarters in Malvern, Pennsylvania, managed roughly $7 trillion in total assets worldwide. It is the second-biggest provider of exchange-traded funds (ETFs) in the world, behind BlackRock's iShares, and the largest provider of mutual funds globally. Vanguard provides brokerage services, educational account services, financial planning, asset management, and trust services in addition to mutual funds and ETFs. According to assets under management, a number of Vanguard-managed mutual funds are at the top of the list of mutual funds in the US. Vanguard is regarded as one of the Big Three index fund managers that rule corporate America, together with BlackRock and State Street.

Rex Sinquefield, who created the first index fund available to the public a few years before John C. Bogle, is also credited with creating the first index fund available to individual investors. However, Bogle is the founder and former chairman of the company. Customers of Vanguard own the company because they own the funds it manages. Most of the funds offered by Vanguard come in two classes: investor shares and admiral shares. Admiral shares have significantly higher minimum investment requirements, typically between $3,000 and $100,000 per fund, but have marginally lower expense ratios. Vanguard's corporate headquarters is in Malvern, a suburb of Philadelphia.

Founded: May 1, 1975

Revenue: $6.936 billion (2020)
AUM: $8.1 trillion (2022)

Website:https://investor.vanguard.com/

Phone: 877-662-7447

Ranking: 10 of the 10 Top Asset Management Firms