Schroders plans to exit its fully owned China mutual funds business as the 200-year-old company seeks to slim down its presence in the mainland’s challenging asset-management sector.
The London-headquartered group, which is in the process of being taken private by Chicago-based Nuveen in a £10bn deal, has multiple operations in China including a wealth-management joint venture with the state-owned Bank of Communications.
Schroders is seeking to exit its wholly owned mutual fund business, according to two people familiar with the matter.
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