Nuveen completes Schroders acquisition to create $2.6trn mega-manager

Nuveen chief executive says acquisition will provide a ‘once-in-a-lifetime opportunity’

clock • 2 min read
Saira Malik (pictured) will serve as the combined firm's chief investment officer
Image:

Saira Malik (pictured) will serve as the combined firm's chief investment officer

Nuveen has completed its acquisition of Schroders, creating a combined public-to-private asset and wealth manager with $2.6trn (£1.97trn) in AUM.

Both firms will maintain their existing investment teams across asset and wealth management for at least 12 to 18 months post-completion, as integration planning gets underway. The combined firm...

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