Nuveen completed its acquisition of Schroders on Oct. 1, 2026, creating a global active asset manager with $2.6 trillion in assets under management. The combined firm operates in more than 40 markets, including the United States, the United Kingdom, Europe and Asia-Pacific, and plans to expand institutional and wealth-management business by combining the companies' investment capabilities and regional operations. It says it is the only asset manager ranked in the global top 10 across active equities, active fixed income and private markets. Schroders will operate separately within Nuveen for the next 12–18 months under Richard Oldfield, Group Chief Executive, Schroders, while the companies plan a longer-term unified investment platform. TIAA, Nuveen's parent and shareholder, will support the expansion and expects the deal to strengthen the investment capabilities behind its retirement and annuity products.