Schroders to Acquire Cazenove in £9.9bn Takeover

Deal Summary

Schroders has agreed to acquire wealth manager Cazenove for £9.9bn, creating one of the largest UK wealth management deals. The acquisition aims to combine Schroders' asset management capabilities with Cazenove's advisory business, and Schroders' chief has pledged to retain the Cazenove brand post‑deal.