Key facts
- Nuveen CEO William Huffman stated the company is open to further acquisitions.
- Nuveen is considering acquisitions in Asia.
- Nuveen has agreed to acquire Schroders.
- The deal to acquire Schroders is valued at $13.5 billion.
- The acquisition is expected to close by year-end.
- The combined entity will have nearly $2.5 trillion in assets under management.
Nuveen is actively exploring further merger and acquisition opportunities, with a specific interest in expanding its presence in Asia, according to CEO William Huffman. This strategic outlook follows Nuveen's agreement to acquire Schroders in a significant deal valued at $13.5 billion. The transaction is anticipated to be completed by the end of the current year. Upon finalization, the combined entity is expected to manage nearly $2.5 trillion in assets. This move by Nuveen underscores a proactive strategy to grow its market share and global footprint through strategic acquisitions. The company's leadership has expressed openness to additional deals, signaling a period of aggressive expansion and consolidation within the asset management sector.