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Schroders WM acquires IAM Thirdrock’s wealth management arm

Schroders Wealth Management has reached an agreement with independent asset manager (IAM) Thirdrock Group to acquire the latter’s wealth management business, Asian Private Banker can reveal. According to the terms of the acquisition, the Singapore-based IAM with around S$3 billion in AUM will operate under the Schroders brand, and its employees — including relationship managers, portfolio managers, and the existing…

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