Schroders to acquire STW Fixed Income Management

               Schroders to acquire STW Fixed Income Management

PR Newswire

NEW YORK, Dec. 17, 2012

NEW YORK, Dec. 17, 2012 /PRNewswire/ -- Schroders plc (Schroders) announces
that it has reached agreement for its subsidiary Schroder U.S. 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
of September 30, 2012, STW manages approximately US$11.9 billion on behalf of
more than 100 institutional clients and has delivered top quartile performance
across a broad range of fixed income strategies.

(Logo: http://photos.prnewswire.com/prnh/20120109/NY31238LOGO )

Michael Dobson, Chief Executive of Schroders said, '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 US$35 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 said, '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.

For additional information, please contact Chris Moon of JCPR at 973-850-7304
or cmoon@jcprinc.com, or Susan Schuppe, Schroders (New York), at 212-641-3910
or Susan.Schuppe@US.Schroders.com.

About Schroder Investment Management North America Inc.
Schroder Investment Management North America Inc. is a unit of Schroders plc
(SDR.L), a global asset management company with approximately $327.4 billion
under management as of September 30, 2012.

Schroders' clients consist of major financial institutions including banks and
insurance companies, as well as local and public authorities, public and
private pension funds, endowments and foundations, intermediaries and
advisors, as well as high net worth individuals and retail investors. The firm
has built one of the largest networks of offices of any dedicated asset
management company with more than 350 portfolio managers and analysts covering
the world's investment markets, offering a comprehensive range of products and
services.

Schroder Investment Management North America Inc. is an investment advisor
registered with the US SEC. It provides asset management products and services
to clients in the US and Canada including Schroder Capital Funds (Delaware),
Schroder Series Trust and Schroder Global Series Trust, investment companies
registered with the SEC (the "Schroder Funds"). Shares of the Schroder Funds
are distributed by Schroder Fund Advisors LLC, a member FINRA. Schroder
Investment Management North America Inc. and Schroder Fund Advisors LLC are
indirect, wholly-owned subsidiaries of Schroders plc, a UK public company with
shares listed on the London Stock Exchange.

For additional information about Schroders, go to www.schroders.com/us.

STW
STW Fixed Income Management LLC is a specialty fixed income manager founded in
1985, that provides custom solutions to meet the needs of a diverse client
base. The firm manages portfolios across the duration spectrum for both
taxable and tax-exempt investors. Assets under management are US$11.9 billion
as of 30 September 2012. Further information on STW can be found at
www.stw.com.

Contact: Chris Moon
JCPR
973-850-7304
cmoon@jcprinc.com 

SOURCE Schroder Investment Management North America Inc.

Website: http://www.schroders.com/us
 
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