Schroders PLC

Nuveen has completed its acquisition of Schroders, creating a combined firm with $2.6 trillion in assets under management across institutional and wealth channels. The combined firm says it is the only manager with a top-ten position globally in active equities, active fixed income and private markets, and operates in more than 40 markets with a significant presence in the US, UK, Europe and Asia-Pacific. Nuveen CEO William Huffman called the combination a once-in-a-lifetime opportunity to reshape the industry, while TIAA CEO Thasunda Brown Duckett said it creates one of the largest active global asset managers in the world. Over the next 12 to 18 months, Schroders will continue to operate separately within Nuveen, led by Group Chief Executive Richard Oldfield, who will report to Huffman. The firm intends to establish a unified investment platform led by Saira Malik as Chief Investment Officer, with Johanna Kyrklund becoming Chief Investment Officer of Public Markets and Solutions, and plans to organize its combined $400 billion private markets platform by asset class. London will serve as the combined firm's non-US headquarters and largest office, and existing investment teams across both asset and wealth management are intended to be maintained for at least 12 to 18 months post-completion.

Schroders has launched the Schroders U.S. Autocallable Ladder Income ETF, trading under the ticker SALI, its first U.S. autocallable income ETF, marketed and supported in partnership with the alternative investment platform CAIS. The fund seeks monthly income through a broad-based, laddered portfolio of autocallable structures with risk management embedded in the strategy design, and it uses the proprietary Bloomberg Schroders US Large Cap Autocallable Index, developed by Schroders and independently calculated and administered by Bloomberg. Schroders partnered with SEI's Advisors' Inner Circle Fund platform to launch the ETF, which is expected to begin trading on the New York Stock Exchange on September 15, 2026. The strategy is led by Portfolio Manager Marcus Durell and supported by Schroders' Risk Managed Investments team, which manages approximately $44 billion in risk managed investment strategies as of June 30, 2026. Schroders reported £867.8 bn, or €1,007.4bn and $1,151.8bn, of assets under management at June 30, 2026, while CAIS serves over 2,000 wealth management firms supporting more than 62,000 financial advisors who oversee approximately $7.5 trillion in end-client assets.

Schroders' wealth division is examining possible acquisitions as it redirects the business toward very affluent clients, its wealth chief Oliver Gregson told the Financial Times. Gregson, who took charge of the wealth management unit at the end of last year, said the group's board has agreed to a material investment in the wealth business over the next five years to help transform and grow it, and that acquisitions may support a strategy centred on financial planning and high-net-worth asset management to increase fee income. His remarks follow shareholder approval for Schroders' £9.9bn ($13.5bn) sale to Nuveen, a transaction that will create an asset manager with roughly $2.5tn under management and result in another company leaving the FTSE 100. Any deal would aim to expand the group's position in the high-net-worth segment in the UK and overseas as it scales back its exposure to the mass-affluent market, and Gregson said Schroders and Nuveen have made clear the enlarged group is retaining Cazenove Capital and intends to expand it, adding that it is not for sale. As part of its withdrawal from the mass market, Schroders agreed to sell Benchmark, its financial planning unit, for more than £200m to Söderberg & Partners.

TMBThanachart Bank Public Company Limited, or ttb, together with ttb Wealth Securities Company Limited, hosted an Exclusive ttb wealth event under the theme How to Survive Global Turbulence and Thailand's Lost Decade, joining forces with global partners Schroders and Eastspring Asset Management (Thailand) to present wealth management approaches and global investment opportunities through its Wealth Ecosystem, and to launch a global investment solution for UHNW clients seeking to invest in overseas markets. Pitiphan Tantakasem, Chief Executive Officer of ttb, noted that data from Goldman Sachs shows Thai investors still have a high Home Bias, with overseas assets accounting for only about 10% of total investable assets, lower than many countries in emerging and developed markets. Katherine Cox of Schroders said the partnership lays a long-term foundation, noting that Schroders has more than 200 years of experience and manages total assets of more than 1.1 trillion US dollars. Meanwhile, Petr Kocourek revealed the results of the Schroders Global Investor Insights Survey 2026, showing that 85% of institutional investors globally and 87% in the Asia-Pacific region expect markets to be more volatile over the next 12 months. ttb Wealth, together with Schroders, developed the ZEAL Global Portfolio Allocation as a Core Portfolio Solution for Ultra High Net Worth clients with a minimum investment of 10 million baht and above, while Eastspring developed the ES-MAGIC fund as an Exclusive fund open only to ttb Wealth clients. Clients can also combine the total assets under specified products from both organizations under a single Wealth Ecosystem to receive benefits through ttb privilege at the Reserve Gold, Reserve Platinum, and Reserve Diamond tiers.

TTB has announced a strategic partnership with Schroders, a global asset management and wealth management firm with more than 200 years of experience, to strengthen its Wealth Ecosystem under the concept of Holistic Wealth Solutions for High Net Worth and Ultra High Net Worth clients. TTB Wealth Securities is the strategic partner for selecting investment solutions, asset allocation, and professional portfolio management. Pitiphat Tantakasem, Chief Executive Officer of TTB, said this collaboration is another important step in elevating holistic wealth management designed to suit each individual. Saran Phupat, Chief Executive Officer of TTB Wealth Securities Public Company Limited, said the heart of this collaboration is the establishment of a Joint Investment Forum between Schroders and TTB Wealth to exchange knowledge, analyze global market trends, develop views on Global Asset Allocation, and jointly develop Discretionary Investment Solutions for Private Wealth clients, starting with a Global Multi-Asset portfolio. Katherine Cox, Head of Client Group, South Asia & Global Official Institutions at Schroders, said long-term wealth success comes from building investment portfolios that are flexible, resilient to volatility, and appropriately diversified, and emphasized that Schroders is pleased to be a strategic partner with TTB Wealth to support Thai investors in achieving their long-term financial goals.

JPMorgan Chase has secured the first mandate to provide blockchain infrastructure for a regulated tokenised US dollar money market fund share class, launched by Schroders. Schroders is the first global asset manager to receive approval for a tokenised share class in a US dollar money market fund using J.P. Morgan's Kinexys multi-chain tokenisation system. The launch moves J.P. Morgan's blockchain business from internal testing to real client deployment with regulatory approval in place. The project is presented as a step toward greater efficiency and automation in institutional fund flows running through J.P. Morgan's digital infrastructure.

Some global bond investors are shifting toward markets like Australia and Europe as doubts grow over the Federal Reserve's ability to control inflation, adding to pressure on Treasuries. Schroders Plc, which oversees $1.1 trillion, is increasing bearish Treasury positions and buying front-end government bonds in Australia, the UK and the eurozone, betting those front-end yields will fall while shorting US five- and ten-year notes. Gama Asset Management's Rajeev De Mello is adding positions in Australia, South Korea, Singapore and Norwegian bonds while trimming longer-dated US Treasuries. BlackRock's Navin Saigal said the Fed's willingness to let markets do more heavy lifting means investors are not compensated enough for large directional rate bets and should focus on income and diversification, noting Chinese government bonds can act as a defensive anchor. Aberdeen Group's Jerome Tay added that falling correlations with US rates offer better diversification and that elevated inflation uncertainty and reduced Fed clarity make Treasury investing more challenging than in previous cycles.

Schroders Wealth Management has announced a series of senior appointments across its investment, advisory and regional leadership teams. Grace Lavelle has been appointed chief investment officer, overseeing the next stage of development for the investment platform while continuing the firm's long-term investment approach. Caspar Rock, who spent the past ten years as CIO, has been named vice chair and will focus on key global client relationships. Wilaf Moore becomes chief executive of Cazenove Capital for the UK and Channel Islands, having advised some of the firm's largest clients over more than 25 years. Neil De Sousa joins from HSBC Global Private Banking as head of Middle East and Geneva, leading expansion in the Middle East and strengthening links with the wider international wealth management platform. These appointments follow the recent naming of Dominic Emmerson as vice chair, leading the newly created global family office and wealth advisory business.

The UK's largest pension fund by membership, Nest, is planning to allocate up to £1 billion to venture capital by 2030 as part of a broader push to channel pension assets into private markets. The £68 billion fund, which serves more than 14 million members, will initially commit £200 million to Schroders Capital to support existing investments and provide fresh funding for late-stage companies. Nest's new VC portfolio includes AI video startup Synthesia and autonomous driving startup Wayve, which is set to conduct an $85 million employee share sale on the London Stock Exchange's Pisces platform. Nest aims to increase its private markets allocation to 30% of assets under management by 2030 from 19%, aligning with industry-wide efforts such as the Mansion House Compact, under which signatories increased unlisted equity investments from £800 million in 2024 to £1.6 billion last year.

Schroders has agreed to sell its UK integrated financial advice business Benchmark to European wealth management group Söderberg & Partners. The deal is part of Schroders' plan to simplify its wealth management operations, centering on Cazenove Capital in the UK and Schroders Wealth Management internationally. Söderberg & Partners, which has £108 billion in assets under advice, will also become a long-term asset management partner to Schroders. The transaction is expected to provide Benchmark with new ownership and strategic support for its next stage in the UK advice market.

Millennium International Management LP has disclosed a 3.559% interest in Schroders plc, representing 57,318,671 ordinary shares via cash-settled derivatives. The disclosure, made under Rule 8.3 of the Takeover Code, reflects positions held as of 26 June 2026. On that date, Millennium executed multiple equity swap transactions, including increasing a long position by 6,319,321 shares at 5.86 GBP and closing a long position of the same size at the same price. The firm reported no other relevant securities or short positions.

Schroders Capital CIO Nils Rode argues that the highest-value use of AI in private equity is not cost reduction but improving the return distribution by finding more winners and avoiding write-offs. The firm, which manages $112 billion in assets, published a white paper showing that roughly one in four buyout deals delivers a gross IRR above 50% over a typical four-year hold, while one in 10 returns nothing, making outlier avoidance critical. Schroders Capital has developed three proprietary AI tools, including a GP screening tool called the Long/Short List and two AI agents, GAiiA and Vicky, which assist with data room analysis, due diligence, and investment memo challenges. Rode emphasizes that these systems will never have full autonomy and will always assist humans, who retain context and relationship insights that AI lacks.

Retirees are spending 16% of their total monthly income on healthcare costs, according to Schroders' 2026 US Retirement Survey. The survey found that 58% of retirees were caught off guard by the expenses, having expected Medicare to cover more. The average monthly Medicare premium for 2026 is $202.90, up 9.7% from $185 in 2025, while Medicare Part D prescription drug coverage rose 9.5% from last year. Schroders Head of U.S. Defined Contribution Deb Boyden noted that investing for retirement and investing in retirement are fundamentally different challenges, with retirees facing an affordability crisis on fixed assets.

AM Best has assigned a Long-Term Issue Credit Rating of 'aa' (Superior) to the $2 billion 6.05% fixed rate surplus notes due 2056 issued by Teachers Insurance and Annuity Association of America. The outlook is stable. The issuance is for general corporate purposes, which may include part of the purchase financing related to TIAA company Nuveen's cash acquisition of Schroders plc announced in February 2026. AM Best expects the transaction will increase adjusted leverage at TIAA to approximately 15% pro-forma due to the purchase financing terms.

A new survey from Schroders shows that 79% of North American institutional investors expect more market volatility over the next 12 months, driven by geopolitical escalation, commodity price shocks, and AI disruption. Against this backdrop, 82% expressed confidence that active management can help achieve investment objectives, with 39% increasing active allocations specifically to reduce concentration risk. The survey also found that 57% of investors now evaluate income opportunities holistically across equities, fixed income, and private markets, while private equity allocations are expected to rise from 90% to 93% over the next 12 to 24 months. The findings are part of Schroders' annual Global Investor Insights Survey, which polled 207 North American institutional investors among 760 institutional respondents worldwide.