~$13.5BreportedStrategic acquisitionFinancial ServicesCompleted
Nuveen closes Schroders deal, creating a $2.6 trillion asset manager
Nuveen completed its acquisition of UK-based Schroders, forming what the firms call the only manager with top-ten global positions in active equities, active fixed income and private markets. The combined business oversees $2.6 trillion in assets across institutional and wealth channels and operates in more than 40 markets, with continued backing from Nuveen parent TIAA.
Why it matters: The tie-up creates one of the largest active managers in the world at a moment when scale and private-markets reach are the price of entry.
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