Schroders (SDR) Plans Acquisitions After £9.9bn Sale to Nuveen

Schroders' wealth division is exploring acquisitions while committing to a £9.9bn ($13.5bn) sale to Nuveen. The group's board has approved a significant investment over the next five years to enhance wealth management, focusing on affluent clients. Oliver Gregson, who leads the division, stated that this expansion may include inorganic growth opportunities. The strategic shift also results from reducing exposure to the mass-affluent market and confirms that Cazenove Capital will be retained and expanded. For investors, this indicates a potential for growth in Schroders’ wealth management business following major restructuring.