Schroders to acquire STW Fixed Income Management
18 December 2012
News, USA, United Kingdom
By Asia Asset Management
Schroders plc has reached agreement for its subsidiary Schroder US Holdings Inc to acquire 100% of the share capital of STW Fixed Income Management LLC (STW), a value-orientated, US investment-grade fixed income manager. As at September 30, STW was managing approximately US$11.9 billion on behalf of more than 100 institutional clients and had delivered top quartile performance across a broad range of fixed income strategies.
Michael Dobson, chief executive of Schroders said: ‘STW’s long-term investment approach and its strong performance track record are an excellent fit with Schroders. This acquisition increases our assets under management in US fixed income by 50% to $35 billion, broadens our product and service platform in fixed income and extends our institutional client base in the US.’
William H Williams, founder, CEO and CIO of STW said: ‘We have been determined in our efforts to partner with a firm that values clients the same way as STW has for over three decades. I believe that this transaction is the best decision for STW clients and employees. I look forward to the continued success of the combined business in the years ahead.’
The transaction is expected to be completed in the first quarter of 2013.
More News >
Discuss: Schroders to acquire STW Fixed Income Management