Schroders boosts private assets business with 100% acquisition of Secquaero
Schroders has reinforced its Private Assets business by increasing its stake in Secquaero Advisors AG (Secquaero) from 50.1% to 100%.
In 2013, Schroders acquired 30% of Secquaero and entered into a partnership to serve institutional clients' growing interest for Insurance Linked Securities (ILS). From June of that year, Secquaero has acted as Schroders exclusive advisor on ILS investment strategies.
Since the start of the partnership, the Schroders investment team, supported by Secquaero, has grown into one of the leading providers of institutional investment solutions for ILS. In February 2016, Schroders increased its stake in Secquaero to 50.1%. Under full ownership, Secquaero will be fully integrated into the Schroders Private Assets unit.
Managed by Dirk Lohmann and based in Zurich, the combined team managing ILS related strategies will operate within Schroder Investment Management (Switzerland) AG under the name Schroder Secquaero.
Andreas Markwalder, CEO Schroder Investment Management (Switzerland) AG said: "The combination of Secquaero's specialist knowledge in the re-insurance and securitization of insurance risks matched with the global reach of the Schroders' asset management distribution platform led to the success of the partnership by providing a highly attractive offering to sophisticated investors seeking to invest in ILS strategies."
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