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Nuveen completes nearly $13.1 billion acquisition of UK's Schroders, boosting AUM to $2.6 trillion and entering top 10 global asset managers
Nuveen, the Chicago-headquartered investment manager and TIAA subsidiary, closed its acquisition of the former FTSE 100 company, UK's Schroders, in a nearly $13.1 billion deal. This transaction sent Nuveen up the ranking of the world’s largest asset management firms, placing it into the top 10 with $2.6 trillion in assets under management.
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