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# Nuveen Completes Schroders Acquisition, Creating $2.6 Trillion Global Investment Group
- URL: https://www.theglobalbanker.com/nuveen-completed-schroders-acquisition-creating-2-6-trillion-global-investment-group/
- Published: 2026-10-01T15:45:04.000Z
- Updated: 2026-10-02T02:07:09.000Z
- Description: Nuveen completed its acquisition of Schroders, creating a $2.6 trillion asset manager operating in more than 40 markets, with Schroders to operate separately for 12 to 18 months while integration planning proceeds.
- Author: TGB Editorial Team
- Tags: M&A, Global

Nuveen completed its acquisition of Schroders on 1 October. The transaction created a combined asset manager with approximately $2.6 trillion under management. The group operates in more than 40 markets, with significant presence in the US, UK, Europe and Asia-Pacific.

The companies agreed the recommended cash acquisition in February, valuing Schroders at about £9.9 billion. 

#### COMBINED PLATFORM SPANS PUBLIC AND PRIVATE MARKETS

Nuveen said the combination creates a manager with top-ten global positions in active equities, active fixed income and private markets. Its enlarged private-markets platform accounts for about $400 billion of assets. The firm intends to organise that business by asset class while building a unified investment platform across public and private markets.

Schroders will continue to operate separately within Nuveen for 12 to 18 months while integration planning proceeds. Richard Oldfield will remain group chief executive of Schroders during that period. London will serve as the combined firm's non-US headquarters and largest office.

#### LEADERSHIP AND INTEGRATION

Nuveen said existing investment teams across asset and wealth management would be maintained for at least 12 to 18 months after completion. Schroders' wealth businesses, including Cazenove Capital, remain part of the combined strategy.

William Huffman continues as Nuveen chief executive, with Richard Oldfield reporting to him during the transition. Saira Malik becomes chief investment officer of the combined firm, Johanna Kyrklund chief investment officer of Public Markets & Solutions, and Matt Oomen head of global client coverage.