Richard Oldfield

Stories

Nuveen buys Schroders, ending 226 years of family control over a City of London institution

Will continue as CEO post-acquisition, reporting to Nuveen's CEO

Schroders has been a fixture of the City of London since 1800, when Johann Friedrich Schroder opened a trading house that would survive two world wars, the collapse of the British Empire, and the 2008 financial crisis. On April 16, 2026, the Schroder family's 226-year run ended: shareholders voted 99.9% to approve a £9.9 billion ($13.4 billion) cash takeover by Nuveen, the investment arm of the American retirement giant TIAA.

Updated May 31