Schroders and Lloyd's Wealth Arms Confirm Joint-Venture Talks
The joint venture is expected to be a tie up between the asset manager and the wealth-management business.
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.
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