Schroders Wealth Management acquired Thirdrock Group.

Schroders Wealth Management, a British multinational asset management company, acquired Thirdrock Group, a financial services group dedicated to providing investment advisory and wealth management, corporate finance advisory, and asset management. Financial terms were not disclosed. As part of the acquisition, Thirdrock will be merged with Schroders’ existing Singaporean business and operate under the Schroders’ brand. Further, Thirdrock employees, including Client Advisers and Portfolio Managers with proven investment expertise as well as the existing management team, will transition to Schroders Wealth Management offices in Singapore.