Deals

Schroders Sale Nets Wells Fargo, Other Banks £83 Million in Fees

Schroders Plc headquarters in London. — Schroders Plc headquarters in London.
Photographer: Betty Laura Zapata/Bloomberg

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By Crystal Tse

March 12, 2026 at 4:55 PM UTC

Wells Fargo & Co., Barclays Plc and JPMorgan Chase & Co. will split £83 million ($110.8 million) in fees for their work on the sale of UK asset manager Schroders Plc.

BNP Paribas SA, which advised the buyer Nuveen, will receive £20 million, a regulatory filing shows. The French lender could also earn as much as £13 million arranging financing for the transaction.