Schroders emerges as frontrunner in battle for Lloyds £109bn mandate
Cazenove joint venture being discussed
Schroders CEO Peter Harrison
Schroders is set to land the Lloyds £109bn mandate that has been cancelled with current manager Standard Life Aberdeen, as it offers a stake in its wealth arm Cazenove Capital as part of the negotiations, according to reports.
Schroders has been competing for the mandate, one of Europe's largest investment contracts, alongside BlackRock, J.P.Morgan Asset Management and Goldman Sachs Asset Management. According to the Financial...
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