Nuveen to buy Schroders in £9.9B deal, forming $2.5T asset manager

Group 1 - U.S. asset manager Nuveen has agreed to acquire British investment firm Schroders in a £9.9 billion takeover [1] - The acquisition will combine two long-standing financial institutions, creating one of the world's largest asset management firms [1] - This deal reflects ongoing consolidation trends in the asset management industry, as firms seek to enhance their scale and capabilities [1]