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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

Published Fri, Feb 1, 2019 · 09:50 PM

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 at Dec 31, 2018. The deal is expected to be completed in the second quarter of this year.

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