Schroders, a British asset management firm with a rich history spanning two centuries, has been acquired by US investor Nuveen for a staggering £9.9 billion. This marks the end of an era as the family-owned business transitions to a new chapter under American ownership. The deal, which values the company at a premium, will create one of the world's largest fund managers, controlling an impressive $2.5 trillion in assets. The Schroders family, led by Leonie Schroder, has a net worth of £3.93 billion, and their stake in the company is valued at £4.4 billion. The takeover comes as Schroders seeks to cut costs and boost performance, facing pressure from US rivals offering cheaper investment products. Despite earlier denials, the Schroder family's willingness to sell was confirmed, and the deal is expected to be completed in the fourth quarter of 2026, pending shareholder approval.
