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News 2026-09-22 06:47 UTC

UPDATE 1 — Schroders names Westerman chair ahead of Nuveen deal close

Deal set to complete on October 1, with Schroders delisting in London Veteran banker Matthew Westerman to become chair of slimmed board Combined group will manage about $2.5 trillion in assets (Adds context, details in paragraphs 3 and 4-9) By Iain Withers LONDON, Sept 22 (Reuters) — British money manager Schroders has

News 2026-09-22 06:18 UTC

Schroders names Westerman chair ahead of Nuveen deal close

LONDON, Sept 22 (Reuters) — British money manager Schroders has named veteran former banker Matthew Westerman as its new chairman ahead of the close of its £9.9 billion ($13.3 billion) sale to US rival Nuveen, the company said on Tuesday. Schroders said the deal had cleared regulatory approvals and was set to complete