The Schroders headquarters at 1 London Wall Place in the City of London.
Photographer: Jose Sarmento Matos/BloombergUK’s Schroder Family Facing Defining Moment for City Dynasty
A once-unimaginable sale or breakup of the clan’s 221-year-old City of London firm is seeming more and more feasible to onlookers.
(This story was originally published on July 7, 2025. On Feb. 12, 2026, it was announced that Nuveen is buying Schroders in a £9.9 billion ($13.5 billion) deal. Prices and other data in the story reflect the situation as of July 7.)
Bruno Schroder may have conceded defeat to the barons of Wall Street when he sold his family’s investment bank back in 2000. But he was always adamant he’d never do the same for its cherished asset manager.
Now, as the next generation of relatives holds sway over the famous old City of London institution that still bears his name, what was previously unthinkable is looking ever more feasible to onlookers: the family selling or breaking up the company.