Nuveen to Acquire Schroders for $13.5 Billion

• The deal values Schroders at £9.9 billion ($13.5 billion) and creates a combined asset management group
• Total assets under management for the merged entity will reach approximately $2.5 trillion
• Schroders CEO Richard Oldfield will continue leading the firm post-acquisition, with London as the non-U.S. headquarters

Summary: Nuveen to Acquire Schroders for $13.5 Billion

Key Transaction Details:

U.S. asset manager Nuveen has agreed to acquire British investment firm Schroders for £9.9 billion ($13.5 billion), the companies announced on February 12. The deal will create a combined entity managing approximately $2.5 trillion in assets under management (AUM).

Companies Involved:

• Acquirer: Nuveen (U.S.-based asset manager)
• Target: Schroders (British investment management firm)

Post-Merger Structure:

Richard Oldfield, current CEO of Schroders, will continue leading the firm following deal completion. London will serve as the combined group's non-U.S. headquarters, maintaining Schroders' operational presence in the UK.

Market Implications:

This transaction represents a significant consolidation in the global asset management industry, combining two major players to create one of the world's largest investment management firms. The deal reflects ongoing industry trends toward scale and diversification as asset managers seek competitive advantages through expanded geographic reach and product offerings.

The retention of Schroders' leadership and London headquarters suggests an integration strategy focused on preserving the British firm's brand, client relationships, and regional expertise while leveraging combined resources and capabilities.

Sector Impact:

The merger adds to the wave of consolidation in asset management, where firms are pursuing scale to manage fee pressure and invest in technology. With $2.5 trillion in combined AUM, the merged entity will compete more effectively with industry giants in both U.S. and European markets.