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Schroders Profit Surges Amid Nuveen Deal
31 Jul
Summary
- Adjusted operating profit rose to £459.8m in H1 2026.
- Assets under management reached a record £867.8bn by June 30, 2026.
- Nuveen's acquisition of Schroders is proceeding, awaiting regulatory approval.
Schroders announced robust financial results for the first half of 2026, with adjusted operating profit soaring to £459.8m, a substantial increase from £316m in the prior year. Pre-tax profit also saw a significant rise to £396.8m.
The company's assets under management (AUM) reached a record £867.8bn as of June 30, 2026. This growth was attributed to favorable market conditions, currency exchange rates, and investment performance, despite some net disposals and outflows.
Schroders is advancing with its planned acquisition by Nuveen, which has secured over 99% shareholder approval. This transaction is anticipated to finalize in the fourth quarter of 2026, pending regulatory clearances, and will form a global active asset manager with around $2.5tn in AUM.
Furthermore, Schroders is on track to achieve its cost-saving targets and has divested its UK financial advice business, Benchmark, to concentrate on Cazenove Capital and international wealth management operations.
