Schroders acquires STW Fixed Income Management

Schroder US Holdings, a subsidiary of FTSE 100 global asset company Schroders, announced Monday it would acquire 100 per cent of the share capital of STW Fixed Income Management.

Schroder US Holdings, a subsidiary of FTSE 100 global asset company Schroders, announced Monday it would acquire 100 per cent of the share capital of STW Fixed Income Management.

STW, a US investment-grade fixed income manager, looks after about $11.9bn on behalf of more than 100 institutional clients, as at September 30th, 2012.

The transaction is due for completion in the first quarter of 2013.

Michael Dobson, Chief Executive of Schroders, said STW's long-term investment strategies and strong performance track record would be a valuable addition to the company.

"This acquisition increases our assets under management in US fixed income by 50% to $35bn, broadens our product and service platform in fixed income and extends our institutional client base in the US," he said in a statement.

William H. Williams, founder, Chief Executive Officer and Chief Information Officer of STW, said the deal was a perfect fit.

"We have been determined in our efforts to partner with a firm that values clients the same way as STW has for over three decades," he said.

"I believe that this transaction is the best decision for STW clients and employees. I look forward to the continued success of the combined business in the years ahead."

RD

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

The FTSE 100 is set for a makeover with an influx of new tech stocks
UK stockmarkets

The FTSE 100 is set for a makeover with an influx of new tech stocks

The FTSE 100 – the dullest index in the world – is about to reinvent itself as a host of new firms list on the market. The change is long overdue, say…
24 Jan 2021
Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
Think Tesla is a bubble? This might be the best way to bet on it bursting
Oil

Think Tesla is a bubble? This might be the best way to bet on it bursting

The huge rise in Tesla’s share price means that, by market value, it’s now the sixth-largest company in the US and and the world’s biggest car-maker. …
25 Jan 2021