{"id":294114,"date":"2026-02-12T11:43:09","date_gmt":"2026-02-12T11:43:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/294114\/"},"modified":"2026-02-12T11:43:09","modified_gmt":"2026-02-12T11:43:09","slug":"nuveen-to-buy-schroders-for-13-5-billion-forming-asset-management-giant","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/294114\/","title":{"rendered":"Nuveen to buy Schroders for $13.5 billion forming asset management giant"},"content":{"rendered":"<p><a href=\"https:\/\/www.cnbc.com\/quotes\/SDR-GB\/\" rel=\"nofollow noopener\" target=\"_blank\">Schroders<\/a> soared to the top of the <a href=\"https:\/\/www.cnbc.com\/quotes\/.STOXX\/\" rel=\"nofollow noopener\" target=\"_blank\">Stoxx 600<\/a> on Thursday, hitting a 52-week high, after U.S. fund management giant Nuveen said it would buy the U.K.&#8217;s largest standalone asset management.<\/p>\n<p>The deal, sized at \u00a39.9 billion ($13.5 billion), will create one of the world&#8217;s biggest asset management groups.<\/p>\n<p>Nuveen \u2014 the investment management arm of the Teachers Insurance and Annuity Association of America (TIAA), a pensions and insurance group  \u2014 will acquire Schroders for up to 612 pence per share.<\/p>\n<p>The deal will create a global fund management behemoth with almost $2.5 trillion in assets under management, including $414 billion in combined private markets assets.<\/p>\n<p>Shares in London-listed Schroders were up over 28% in morning trade following the announcement.<\/p>\n<p>Stock Chart IconStock chart icon<img decoding=\"async\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\" class=\"Collapsible-dismissButton\" alt=\"hide content\"\/><\/p>\n<p>Schroders PLC.<\/p>\n<p>Under the agreement, the Schroders brand will be maintained, with the company remaining headquartered in London. Established in 1804, Schroders currently manages about \u00a3824 billion in assets, almost two-thirds of which are in the EMEA region.<\/p>\n<p>Nuveen manages about $1.4 trillion in assets, 94% of which are in the Americas.<\/p>\n<p>The transaction will deliver &#8220;an attractive premium in cash&#8221; to shareholders, Elizabeth Corley, chair of Schroders, said in a statement.<\/p>\n<p>Group CEO Richard Oldfield added that the deal will &#8220;significantly accelerate our growth plans to create a leading public-to-private platform with enhanced geographic reach and a strengthened balance sheet.&#8221;<\/p>\n<p>&#8220;This transaction is about unlocking new growth opportunities for wealth and institutional investors around the world by giving our leading, differentiated public-to-private platform a broader global presence,&#8221; said Nuveen CEO William Huffman.<\/p>\n","protected":false},"excerpt":{"rendered":"Schroders soared to the top of the Stoxx 600 on Thursday, hitting a 52-week high, after U.S. fund&hellip;\n","protected":false},"author":2,"featured_media":294115,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[72,122,176,61,60,12883,174,175,84995,7235],"class_list":["post-294114","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-business-news","tag-finance","tag-ie","tag-ireland","tag-mutual-funds","tag-personal-finance","tag-personalfinance","tag-schroders-plc","tag-stoxx-600"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/294114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=294114"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/294114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/294115"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=294114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=294114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=294114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}