Last week, the Royal Bank of Canada agreed to buy the Latin American, Caribbean and African operations of Coutts, which manage about $2.4 billion of assets.
The drain on assets shows no signs of easing for Swiss banks, which manage about $3 trillion, roughly a third of the world's private savings.
Swiss private banks, which manage about a third of the world's private wealth deposited in foreign accounts, have been combining amid rising costs and competition.
That seems to be the case in Michigan, where a liberal charter-school law has attracted more than 40 commercial companies, which manage about three-quarters of the more than 180 charter schools that dot the state.
"They're asking, 'What are we doing to maximize the value of our property?' " said Jim O'Connor, the president of Douglas Elliman Property Management, which manages about 325 apartment buildings.
Oaktree, which manages about $82 billion, mostly in fixed-income strategies, is expected to transfer its shares from a private exchange to the Exchange, according to a person familiar with the planned move who requested anonymity because he was not authorized to discuss it.
Confirming a report in the Detroit News newspaper, the source said Nasser was expected to announce as early as Tuesday that he has been hired to help oversee the mergers and acquisitions activities of One Equity Partners, which manages about $3.5 billion in investments for Bank One.
"This is just another indication that the economy is improving," said Gil Knight, a money manager with Allied Investment Advisors in Baltimore, which manages about $9 billion in assets.
Ms. Sampson, 46, is director of portfolio management for OakBrook Investments, the fund's adviser, which manages about $800 million, mostly for institutions.
Whenever the combined fund wants to make a management change, it must get the approval of all five boards, a process that can take five months.Because New York's funds do not manage any assets themselves, they paid $472m to outside managers and consultants last year about $269m more than OTPP, which manages about 80% of its assets in-house.
Similarly, Globe Homes and Condos, which manages about 50 properties in Los Angeles and Palm Springs, Calif., recently hired a full-time service manager to assist guests with theme park tickets, child care and other requests.
