Schroders and Lloyd’s Banking Group have confirmed they are in talks to form a wealth-management alliance.
First reported by Sky News, the firms have outlined intentions to forge greater ties by moving the bank’s £13 billion ($17 billion) wealth-management arm into the joint venture. According to reports, Lloyd’s would use the merger to harness Schroders’ technology and investment-management capabilities, and in turn, enable the asset manager to benefit from Lloyd’s distribution network.
Bryan Cross, who heads UBS Asset Management's QED group, joins to discuss alternative data and AI.Subscribe to Weekly Wrap emails
- JP Morgan's FX Algo Tool Launches on Bloomberg Terminal
- The Problem Solver: Paul Bari, Nordea
- Wavelength Podcast Episode 154: Bryan Cross, UBS Asset Management
- CAT’s Tale: How Thesys, the SROs and the SEC Mishandled the Consolidated Audit Trail
- Refinitiv Consolidates Data Insights on China's Belt and Road Initiative