Schroders to acquire STW Fixed Income Management
Schroders plc subsidiary Schroder US Holdings Inc to acquire 100 per cent of the share capital of STW Fixed Income Management LLC (STW), a value-orientated, US investment-grade fixed income manager.
As at 30 September 2012 STW manages approximately USD11.9 billion on behalf of more than 100 institutional clients and has delivered top quartile performance across a broad range of fixed income strategies.
Michael Dobson (pictured), Chief Executive of Schroders, says: ‘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 per cent. to USD35 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, says: ‘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.
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