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Schroders to buy wealth management arm of Thirdrock Group

The latter's operations will be merged with Schroders' existing Singapore business and operate under the Schroders brand

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Thirdrock staff from the wealth management unit, including client advisers and portfolio managers with "proven investment expertise", will transition to the Schroders Wealth Management office in Singapore.

Singapore

SCHRODERS Wealth Management announced on Friday that it will acquire the wealth management business of Singapore-based independent asset manager Thirdrock Group for an undisclosed sum.

Founded in 2010, Thirdrock has client assets under management of about S$3 billion as...

sentifi.com

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