Schroders has agreed a £9.9bn takeover by a US investor, ending two centuries of family ownership of the historic British asset management group. The takeover ends two centuries of independence for the group, which will keep London as its largest office with about 3,100 workers and retain its Schroders branding. It listed on the London Stock Exchange in 1959 and sold off its investment banking arm in 2000 to focus on asset management. However, the investment company has been looking to cut costs in recent years after a plunge in its share price, prompting interest from potential buyers. The takeover values the family’s stake at £4.4bn.

Source: The Guardian February 12, 2026 17:09 UTC