Schroders, STW Fixed Income in Acquisition Deal

Schroders made an agreement for its subsidiary Schroder U.S. Holdings Inc. to acquire 100% of the share capital of STW Fixed Income Management LLC.
The transaction is expected to be completed in the first quarter of 2013. As of September 30, STW managed approximately $11.9 billion on behalf of more than 100 institutional clients. Schroders is a global asset management company. STW Fixed Income Management is an investment-grade, fixed-income manager.