Schroders plans to challenge John Chatfeild-Roberts’s Jupiter Merlin franchise, following its acquisition of UK wealth manager Cazenove Capital, by combining the Cazenove funds to its own multi-asset range, reported Investment Week.
Schroders plans to combine the successful Cazenove funds to its own multi-asset range, led by Johanna Kyrklund, once fund managers Marcus Brookes and Robin McDonald join Schroders.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Global head of equities for Schroders, Peter Harrison, said the firm will leverage off its intermediary distribution network to push Brookes’ funds out to a wider audience.
Harrison said: "Marcus Brookes is a prize and has a great business, which will work really well with our distribution channels in the IFA world, which he has been lacking historically.
"His business has grown really well despite not having the distribution, and if you look at the assets Jupiter has been taking on, it feels to us that they need a competitor in that space.
"They have got a big market share and it is a very attractive market for the long term. We are keen that Marcus’ product should be more widely known about and distributed."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
