Tuesday 09, October 2018 by Bloomberg

Schroders and Lloyds Banking in talks on wealth arm business

 

The companies in their statements on Monday made no mention of the portfolio mandate.

Schroders Plc and Lloyds Banking Group Plc said they are in talks to work closely on the wealth management business as the fund manager vies to win a separate, coveted GBP 109 billion ($143 billion) mandate from the British lender.

The companies in their statements on Monday made no mention of the portfolio mandate.

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