Further to the announcement on December 17, 2012, Schroders plc (Schroders) announces that its subsidiary, Schroder U.S. Holdings, has today completed the acquisition of 100 percent of the share capital of STW Fixed Income Management LLC (STW), a value-orientated, US investment-grade fixed income manager.
Karl Dasher, Head of Fixed Income, said: «This acquisition accelerates our strategic ambitions in the US by adding top-quartile capabilities in Unconstrained Taxable and Tax-Aware strategies across the duration spectrum. We also deepen our talent base in an investment market that is critical to our success globally. I am delighted to welcome our new colleagues to Schroders and believe we can deliver significant benefits for clients with our combined capabilities.»
Schroder Investment Management North America Inc. is a unit of Schroders plc (SDR.L), a global asset management company with approximately $344.5 billion under management as of December 31, 2012.
Schroders’ clients consist of major financial institutions including banks and insurance companies, as well as local and public authorities, public and private pension funds, endowments and foundations, intermediaries and advisors, as well as high net worth individuals and retail investors. The firm has built one of the largest networks of offices of any dedicated asset management company with more than 350 portfolio managers and analysts covering the world’s investment markets, offering a comprehensive range of products and services.