Nuveen

Schroders

Nuveen to Acquire Schroders for $13.5 Billion, Forging $2.5 Trillion Asset Management Titan

In a move that has sent shockwaves through the global financial markets, the American investment giant Nuveen, the asset management arm of TIAA, announced today, February 12, 2026, a definitive agreement to acquire the historic British asset manager Schroders PLC (LON: SDR) for $13.5 billion (£9.9 billion). The

Nuveen

Nuveen to Acquire Schroders for $13.5 Billion, Creating a $2.5 Trillion Transatlantic Asset Management Titan

In a move that reshapes the global financial landscape, Nuveen, the investment management arm of TIAA, has announced a definitive agreement to acquire the storied British asset manager Schroders plc (LSE: SDR) for $13.5 billion (£9.9 billion). The deal, announced today on February 12, 2026, marks the end