US asset manager Nuveen buys historic British firm Schroders in 9.9 billion pound deal
Nuveen is set to acquire the 222-year-old British firm Schroders for 9.9 billion pounds. This deal ends the independence of the historic London finance house.
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The United States 
US asset manager Nuveen announced on February 12, 2026, that it has reached an agreement to take over the United Kingdom 
GB based money manager Schroders for 9.9 billion pounds. This transaction marks the end of independence for the 222-year-old firm, which manages more than 800 billion pounds in assets. The deal will result in the founding family of Schroders selling out their interests, transferring ownership of a major financial institution.
US asset manager Nuveen announced on February 12, 2026, that it has reached an agreement to take over the United Kingdom GB based money manager Schroders for 9.9 billion pounds. This transaction marks the end of independence for the 222-year-old firm, which manages more than 800 billion pounds in assets. The deal will result in the founding family of Schroders selling out their interests, transferring ownership of a major financial institution.
