Showing posts with label schroders. Show all posts
Showing posts with label schroders. Show all posts
Thursday, 12 February 2026
Schroders agrees to Takeover by TIAA's asset manager Nuveen for £9.9bn
Nuveen LLC, an American asset manager (led by CEO William Huffman, a former CEO of Northern Trust Global Investments for 17 years), which manages assets on behalf of TIAA, the Teachers Insurance and Annuity Association of America (led by Thasunda Brown Duckett), which has a century long focus on retirement security, has agreed to buy Schroders (led by Group Chief Executive Richard Oldfield) for almost ten billion GBP (1GBP=1.37USD, around the same level it was five years ago).
Wednesday, 31 July 2019
London takes on Geneva as Schroders Buys Majority Stake in Impact Investing Manager Blue Orchard
Schroders (based in London) has bought a majority stake in impact investing specialist Blue Orchard ("where financial returns meet social and environmental impact"), based in Geneva, which manages $3.5bn in assets, in credit, PE and sustainable infrastructure, for an undisclosed sum. Robeco SAM is another player in the once-niche impact investing space.
Blue Orchard was founded by two bankers who are no longer with the firm, Jean-Philippe de Schrevel and Melchior de Muralt, a Swiss private banker. Chairman Peter Fanconi and CEO Patrick Scheurle will stay with Blue Orchard post Schroder-acquisition.
Blue Orchard was founded by two bankers who are no longer with the firm, Jean-Philippe de Schrevel and Melchior de Muralt, a Swiss private banker. Chairman Peter Fanconi and CEO Patrick Scheurle will stay with Blue Orchard post Schroder-acquisition.
Sunday, 23 November 2008
Crisis at Citigroup, Stock Crushed, Senior Departure and Nomura to Raise Capital
Pop quiz: How much did Citi CEO Vikram Pandit make from the sale of Old Lane to Citigroup? (hint: 20% of the total deal value)
Citi's shares lost 20% on Friday, giving it a value $20.5 bn (less than a quarter of JPM Chase). The board is considering a sale of the business and the position of Vikram Pandit.
Vikram Pandit, from Nagpur in Central India, moved to the US in the 1970s to study at Columbia University where he obtained four degrees. His PhD thesis was entitled "Asset Prices in a Heterogeneous Consumer Economy".
1983 and Vikram joined Morgan Stanley following a period consulting for the bank. He gained a reputation as a "driven banker" and "prudent risk manager".
After a battle at Morgan Stanley, Mr Pandit founded Old Lane, a hedge fund that was sold to Citi in 2007 for $800m. Mr Pandit earned $165m from the deal. In early 2008, Old Lane was closed down for poor results. He took charge of Citi's hedge fund business and was promoted to head of the securities division. Following the ousting of Chuck Prince, he became CEO, backed by Citi power brokers like Robert Rubin, former US Treasury Secretary, and Sandy Weill, the former CEO.
In Asia, Citi's India CEO Sanjay Nayar, has moved to KKR after 23 years with the giant.
In addition to considering a sale of the business, Citi was also locked in talks with the Treasury (can the bank survive without a capital injection?) Chairman Sir Win Bischoff met with Federal Reserve officials and the US Treasury department. (Sir Win was previously at Schroders and moved to Citi following the acquisition of Shroders corporate advisory business).
Tokyo newspapers announced Nomura is likely to issue subordinated loans and other products to financial firms to bolster its capital base.
Emerging markets bank Standard Chartered (formed in 1969 from the merger of Standard Bank and Chartered Bank) announced a $3-4bn rights issue to boost its capital reserves. Sovereign wealth fund Temasek will underwrite part of the rights issue. Temasek is Standard Chartered's biggest shareholder.
Citi's shares lost 20% on Friday, giving it a value $20.5 bn (less than a quarter of JPM Chase). The board is considering a sale of the business and the position of Vikram Pandit.
Vikram Pandit, from Nagpur in Central India, moved to the US in the 1970s to study at Columbia University where he obtained four degrees. His PhD thesis was entitled "Asset Prices in a Heterogeneous Consumer Economy".
1983 and Vikram joined Morgan Stanley following a period consulting for the bank. He gained a reputation as a "driven banker" and "prudent risk manager".
After a battle at Morgan Stanley, Mr Pandit founded Old Lane, a hedge fund that was sold to Citi in 2007 for $800m. Mr Pandit earned $165m from the deal. In early 2008, Old Lane was closed down for poor results. He took charge of Citi's hedge fund business and was promoted to head of the securities division. Following the ousting of Chuck Prince, he became CEO, backed by Citi power brokers like Robert Rubin, former US Treasury Secretary, and Sandy Weill, the former CEO.
In Asia, Citi's India CEO Sanjay Nayar, has moved to KKR after 23 years with the giant.
In addition to considering a sale of the business, Citi was also locked in talks with the Treasury (can the bank survive without a capital injection?) Chairman Sir Win Bischoff met with Federal Reserve officials and the US Treasury department. (Sir Win was previously at Schroders and moved to Citi following the acquisition of Shroders corporate advisory business).
Tokyo newspapers announced Nomura is likely to issue subordinated loans and other products to financial firms to bolster its capital base.
Emerging markets bank Standard Chartered (formed in 1969 from the merger of Standard Bank and Chartered Bank) announced a $3-4bn rights issue to boost its capital reserves. Sovereign wealth fund Temasek will underwrite part of the rights issue. Temasek is Standard Chartered's biggest shareholder.
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