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Swiss Re completion confirmat

30th May 2008 12:47

RNS Number : 6311V
Schroders PLC
30 May 2008
 



Schroders plc

Schroders completes the acquisition of Swiss third party fund management business of Swiss Re

Schroders plc announces that following receipt of regulatory approval, one oits subsidiaries has today completed the acquisition of Swiss Re Asset Management Funds (Switzerland) AG, the Swiss third party fund management business of Swiss Re. The proposed acquisition was announced on 18 March 2008.   

This business had assets under management as at 31 March 2008, of approximately £0.9 billion (CHF 1.9 billion) split between capital protected and balanced funds, European equities and Swiss property and will broaden the Group's offering to Swiss institutional clients.

Contacts:

Schroders plc 

Emma Tovey

Head of Corporate Communications

+44 (0) 207 658 2329

[email protected]

30 May 2008

This information is provided by RNS
The company news service from the London Stock Exchange
 
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