Schroder US Holdings, a subsidiary of Schroders, has completed the acquisition of STW Fixed Income Management, a US investment-grade fixed income manager.

“This acquisition accelerates our strategic ambitions in the US by adding top-quartile capabilities in unconstrained taxable and tax-aware strategies across the duration spectrum. We also deepen our talent base in an investment market that is critical to our success globally,” Karl Dasher, head of fixed income at Schroders, said in a statement.

STW had $11.6 billion in assets under management at 31 December 2012.

In other recent news, Schroders has agreed to buy UK-based Cazenove Capital, the independent investment firm, for £424 million (about $644 million).