[International] Nuveen completes acquisition of Schroders, with ¥410 trillion in assets under management. A major presence in active management | Sustainable Japan | Global sustainability, ESG investing and SDGs

The story

Nuveen announced that it completed its acquisition of Schroders on 1 October 2026. Schroders is expected to operate independently for the next 12 to 18 months or more.

TIAA is one of the largest US groups, providing retirement annuity and asset management services primarily to people working in education, research and healthcare in the United States, while Nuveen manages all of the group’s assets as well as external assets. As of the end of March 2026, Nuveen and TIAA had approximately US$1.498 trillion in assets under management (approximately ¥250 trillion). Nuveen is known for its sophisticated ESG investing.

Meanwhile, Schroders ...

At a glance

TradingNuveen acquired Schroders and officially announced the completion.

DateThe completion of the acquisition was announced on 1 October 2026.

ScaleNuveen and TIAA had approximately US$1.498 trillion in assets under management (approximately ¥250 trillion).

NatureNuveen will manage all of TIAA’s assets, as well as external assets.

IndependenceSchroders is expected to operate independently for 12 to 18 months or more after the acquisition.

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