Schroders Wealth Management

Schroders acquires Thirdrock Group for undisclosed sum

SINGAPORE (Feb 1): Schroders Wealth Management has acquired the wealth management business of Thirdrock Group, a Singapore-based asset manager with a client asset under management (AUM) of about $3 billion.

The value of the transaction was not disclosed.

In a Friday announcement, Schroders says Thirdrock Group will be merged with its existing Singapore business and operate under the Schroders Wealth Management brand.

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