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Nuveen to Acquire 222-Year-Old Schroders in $14 Billion Deal
The acquisition of the venerable U.K. asset manager comes amid concerns over AI's impact on the finance sector.
Published on Feb. 12, 2026
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Chicago-based asset manager Nuveen has agreed to acquire the 222-year-old London-headquartered firm Schroders in a nearly $14 billion deal. The acquisition of the venerable U.K. asset manager comes amid growing fears that AI will severely disrupt the finance sector.
Why it matters
The acquisition of Schroders, one of the oldest and most respected asset management firms in the U.K., by the American firm Nuveen represents a significant shift in the global finance industry. This deal highlights the growing influence of U.S. firms in the traditionally British-dominated asset management space, as well as the industry's concerns about the potential disruption caused by advancements in artificial intelligence.
The details
Nuveen, a subsidiary of TIAA, has agreed to purchase Schroders for approximately £9.9 billion ($13.6 billion), or 612 pence per share. Schroders, founded in 1804, is one of the oldest and most prestigious asset management firms in the City of London. The acquisition comes as the finance sector grapples with the potential impact of AI on traditional business models and job roles.
- Nuveen announced the acquisition on February 12, 2026.
The players
Nuveen
A Chicago-based asset management firm and a subsidiary of TIAA.
Schroders
A 222-year-old London-headquartered asset management firm, one of the oldest and most respected in the U.K.
What’s next
The acquisition is subject to regulatory approvals and is expected to close in the second half of 2026.
The takeaway
This deal reflects the growing influence of American firms in the traditionally British-dominated asset management industry, as well as the sector's concerns about the potential disruption caused by advancements in artificial intelligence.
