Schroders expands ABS and MBS offering through acquisition

Schroders has acquired the securitised investment management team of Brookfield Investment Management, the amount of the transaction was not disclosed.

Led by Michelle Russell-Dowe, managing director and head of Securitised Products Investments at Brookfield, the team currently manages $4bn (€3.5bn), it will now work with Schroders existing New York based ABS team, with total assets under management now reaching $8bn (€7.06bn).

The Brookfield team also manages an Irish qualifying investor alternative investment fund (QIAIF), which will now be managed under the Schroders brand, with full access to the firm’s asset management platform, economists, research and risk management capabilities.

Michelle Russell-Dowe comments on the acquisition: “Our team is very excited to become part of Schroders. We feel the organisation, investment approach and environment will be a great fit for our team and our clients, which will benefit from the deep resources and capabilities Schroders has to offer globally.”

The transaction is set to be concluded in the third quarter of 2016.

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