Schroders (SDR) sells Benchmark Capital for £200m in transaction
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowSchroders (SDR) is nearing a deal to sell its financial planning business, Benchmark Capital, for over £200 million ($264.8 million) to Söderberg & Partners. Benchmark manages £36.9 billion in assets under management and serves clients with significant investable assets. This divestment follows a recent £9.9 billion sale to Nuveen, approved by shareholders in April 2026. The move reflects Schroders' strategy to focus on ultra-high-net-worth clients through Cazenove Capital and the international wealth management division, while reducing costs and non-core operations.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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