Schroders’ shareholders have overwhelmingly backed its acquisition by US asset manager Nuveen, with 99.92 percent voting in favor. The £9.9 billion transaction will conclude after more than two centuries of family control, marking a historic shift in British finance. This deal not only ends a long lineage but also positions the combined entity as one of the world’s largest investment groups.

The move reflects growing pressure on funds as low-fee index products gain traction. Analysts see it as a strategic consolidation amid evolving market dynamics.