What is Nuveen and why is it buying Schroders?
US asset manager has swooped on one of London’s most historic names
US asset manager has swooped on one of London’s most historic names

Deal would end independence of one of City of London’s most historic names

Two centuries of family ownership of the British financial institution will end

Richard Oldfield says there is ‘no reason to think’ the business will be sold after deal with US fund manager Nuveen

History might be repeating itself after the sale of investment banks to bigger US rivals

Along with SG Warburg, the asset manager played a pivotal role in London’s financial growth

Asset manager is ending its listed life with a whimper rather than a bang