The near £10bn deal struck between Nuveen and Schroders for the purchase of the historic UK asset manager is set to accelerate the growth of their combined private markets propositions.
As the deal was unveiled today (12 February), executives from both firms expressed support for the growth opportunities offered by the combination. Schroders group CEO Richard Oldfield said: "The transaction will significantly accelerate our growth plans to create a leading public-to-private platform with enhanced geographic reach and a strengthened balance sheet." Nuveen CEO William Huffman described the deal as an "exciting and transformational step for both our distinguished firms". The Schroders turnaround Schroders' assets under management rose to a record level at the end o...
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