Schroders completes Cazenove deal

Schroders has completed the purchase of Cazenove Capital for £424m after the deal received shareholder and regulatory approval.

The deal, announced in March, will see Cazenove’s private banking and asset management businesses merged into Schroders.

Cazenove’s stable of star managers such as Julie Dean, Matt Hudson and Paul Marriage, as well as the successful multi-manager team, led by Marcus Brookes, are all set to join Schroders following the deal.

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