Nuveen to Buy UK Asset Manager Schroders in $13.5B Deal

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. (Bloomberg) -- Nuveen is buying Schroders Plc in a £9.9 billion ($13.5 billion) deal, creating one of the world’s largest active asset managers with nearly $2.5 trillion of assets. The move ends more than two centuries of independence for the UK’s largest standalone asset manager, one of the few remaining vestiges of an age when the City of London’s merchant bankers ruled finance. The Schroders ...