Nuveen Completes Acquisition of Schroders to Form a $2.6 Trillion Asset Manager
On October 1, 2026, Nuveen completed its acquisition of UK-based asset manager Schroders, creating one of the world's leading active public-to-private asset and wealth management firms with approximately $2.6 trillion in assets under management (AUM). The combined entity is uniquely positioned as a top-ten global player across active equities, fixed income, and private markets. Operating in over 40 countries, it has significant presence in the US, UK, Europe, and Asia-Pacific. Nuveen's CEO William Huffman emphasized that this merger offers an opportunity to reshape the industry by delivering tailored investment solutions backed by global on-the-ground expertise. TIAA, Nuveen’s long-term shareholder, supports the integration as it aligns with its mission of providing financial security through retirement and annuity products. Schroders will continue operating separately for 12–18 months under Richard Oldfield before full integration begins. The combined firm plans to unify investment platforms across public and private markets over time, led by Saira Malik as Chief Investment Officer.
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