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Schroders is to acquire NewFinance Capital, the London-based hedge funds company, for £58m. 22-Feb-2006 JP Morgan and Schroders have terminated an outsourcing contract, which will involve Schroders re-employing about 150 London-based staff to run its back office operations. 04-Jul-2005 Schroders is planning to shed a further 250 jobs in its investment management business this year, and is close to announcing the sale of its pensions administration division. 04-Sep-2002 Schroders is to shed 19 jobs in its private banking business, as part of a cost-cutting exercise. 22-May-2002 Schroders is to restructure its UK fund management business with the loss of about 30 jobs, and a few of its 39 overseas offices will be sold or closed. 13-Feb-2002 Schroders is to outsource its IT operations to CSC, in a £169m deal that will involve the transfer of more than 200 staff. 04-Jun-2001 Schroders is planning to expand its new private bank across Europe, increasing its presence in Germany, France, Italy, Spain, Austria and eastern Europe. 14-Nov-2000 Schroders has won approval to set up a private bank called Schroder & Co, which will handle all of its private client business in the UK. 03-Oct-2000 Schroders is to acquire Liberty International Pensions, the insurance and pensions company that is 80% owned by Liberty International, in a £60m deal. 12-May-2000 Schroders is to invest £100m in the launch of a private bank, with headquarters in London. 06-Mar-2000 Schroders is selling its investment banking business to Citigroup of the US for £1.35bn, and £200m of the proceeds will be used to establish a private banking business. 19-Jan-2000 Schroder Investment Management is to cut the number of dedicated UK fund managers from 40 to 24, and then rehire them as account managers responsible for client relationships. 27-Nov-1999 Schroders is setting up a securities business in Paris in response to rising demand for a pan-European equities service. 01-Jun-1999 Schroder Ventures has acquired a 73% stake in AU-System Group, the Swedish developer of software for wireless communications, for £85m. 08-Apr-1999 Danka Business Systems has sold its outsourcing division to Schroder Ventures for a sum thought to be more than £150m, as part of an ongoing restructuring programme. 24-Mar-1999 Schroder Ventures has bought LK Group, the measuring equipment manufacturer, and sister company Lock from TransTec, in a £32m deal. 22-Dec-1998 Schroders is to invest £90m in the expansion of its US investment banking operations, and will create a bridge fund to provide acquisition finance in support of its advisory business. 12-Mar-1998 Hambros, the merchant bank, has appointed Schroders to carry out a review of its business and a restructuring of its banking operations could follow. 21-Oct-1997 Schroder Ventures has acquired Precision Industries, the maker of measuring equipment, from Rank Organisation for £72m. 01-Oct-1996 Schroder Ventures is acquiring Lister-Petter, the diesel engine subsidiary of BTR, for £80m. 02-Jul-1996 Schroders, the investment bank, is planning a business efficiency review partly due to a rapid rise in information technology spending. 14-Mar-1996 Schroders has won a tender from the German government to advise on the future of Postbank. 07-Nov-1995
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