M and A
Deals Of The Day: The Latest In Wealth Management M&A – Schroders
The latest wealth management merger and acquisition transactions in the UK and across Europe.
Schroders
Schroders has
completed its purchase of River and Mercantile Group’s UK
Solutions division.
The “Schroders Solutions” – to give the entity’s new name – “aims
to be the provider of choice for fiduciary management schemes and
derivatives by offering an end-to-end solution through to buy-out
with a specific focus on sustainability, climate integration and
reporting,” UK-listed Schroders said.
The acquisition has added RMSD’s £42 billion ($45.7 billion) of
assets in UK fiduciary management and derivatives, to Schroders
Global Solutions business which already manages £193.3 billion
and has employees in the US, Singapore, London and Germany.
“Schroders Solutions will maintain an open architecture
framework, while having access to Schroders asset management
investment capabilities, private assets business and extensive
sustainability experience,” Peter Harrison, Schroders group chief
executive, said.
