Nuveen Completes Schroders Takeover
Nuveen has finalized its acquisition of British fund manager Schroders. The deal creates a combined investment group managing over $2.6 trillion in assets. Schroders will operate separately for up to 18 months.
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United States-based asset manager Nuveen completed its acquisition of British fund manager Schroders plc, creating a combined group with over $2.6 trillion in assets under management on Thursday morning. The mega-merger establishes a joint footprint spanning more than 40 markets globally. The deal ranks among the largest cross-border asset management consolidations connecting the United Kingdom and North American financial sectors in recent years.
