Nuveen to Acquire Schroders in Major $13.5 Billion Deal

Nuveen has reached an agreement to acquire Schroders in a transaction valued at £9.9 billion ($13.5 billion). Bloomberg posted on X, this acquisition is set to elevate Nuveen into the upper echelons of global active money managers, overseeing assets totaling $2.5 trillion. This strategic move is expected to significantly enhance Nuveen's market position and expand its asset management capabilities. The deal underscores the ongoing consolidation trend within the financial services industry, as firms seek to bolster their competitive edge through mergers and acquisitions. The acquisition is anticipated to close following regulatory approvals and customary closing conditions.