Schroders names Westerman chair ahead of Nuveen deal close

Schroders appointed former banker Matthew Westerman as chairman ahead of the completion of its £9.9 billion ($13.3 billion) sale to U.S. asset manager Nuveen. The leadership change is tied to a significant cross-border transaction and may affect Schroders' governance and integration planning, though the article provides no updated deal terms or financial outlook.