Nuveen has completed its acquisition of Schroders, creating a global investment management group with approximately $2.6 trillion in assets under management and a significantly expanded international presence.
The transaction combines two major investment firms with capabilities across active equities, fixed income, private markets and wealth management, giving the enlarged group a broader platform to serve both institutional and private clients.
Schroders will continue to operate with a degree of independence during an integration period expected to last around 12 to 18 months, allowing the businesses to align systems, teams and operations while maintaining continuity for existing clients.
During the transition, Richard Oldfield will remain Group Chief Executive of Schroders and report to William Huffman, Chief Executive Officer of Nuveen.
The acquisition strengthens Nuveen’s position across global asset management by adding Schroders’ established investment expertise, distribution network and international client base. The combined business will operate across more than 40 markets, increasing its reach across key financial centres and investment segments.
The deal also expands the range of strategies available across public and private markets, with the combined group expected to benefit from greater scale, wider distribution and stronger access to institutional capital.
The transaction comes amid continued consolidation in the global asset-management industry, as firms seek to increase scale, diversify revenue and strengthen their ability to compete across traditional and alternative investment products.
For clients, the combination is expected to provide access to a broader investment offering while both firms work through the integration process over the coming months.
