Key Takeaways
- • Georg Wunderlin, CEO of Schroders Capital, is departing the firm by end of October 2026 as Nuveen completes its £9.9bn ($13.1bn) acquisition of Schroders, effective 1 October.
- • Wunderlin expanded Schroders Capital's assets under management from $38bn in 2019 to $116bn today, nearly tripling the business during his tenure as head of private assets and subsequent CEO role.
- • Richard Oldfield, group CEO of Schroders, will assume direct responsibility for the private markets business following Wunderlin's departure as part of post-acquisition integration.
- • The Nuveen-Schroders combination creates a combined asset manager overseeing approximately $2.5tn in assets, marking a significant consolidation in the global alternative investment sector.
- • Chair Elizabeth Corley, former CEO of Allianz Global Investors, also announced her departure earlier this month, signaling broader senior management restructuring as integration progresses.
Summary
Georg Wunderlin is stepping down as chief executive of Schroders Capital, the private markets division of Schroders, with his departure effective at the end of October 2026. The exit occurs as Schroders finalizes its acquisition by US-based Nuveen, with the transaction closing on 1 October 2026. Richard Oldfield, group CEO of Schroders, will take direct operational responsibility for the private markets business following Wunderlin's departure, according to Bloomberg reporting and confirmed by a Schroders spokesperson.
Wunderlin joined Schroders in 2019 as head of private assets and ascended to CEO of Schroders Capital less than two years ago. During his tenure, he oversaw substantial growth in the division, expanding assets under management from $38bn in 2019 to $116bn as of 2026—a compound expansion of approximately 205% over seven years. Prior to Schroders, Wunderlin held senior positions at UBS and led alternative investment manager HQ Capital. He began his career at Boston Consulting Group. The company characterized his decision to leave as a natural transition point following the completion of the business's current growth phase.
The leadership changes at Schroders extend beyond Wunderlin's departure. Elizabeth Corley, chair of Schroders and former CEO of Allianz Global Investors, announced her own exit earlier this month. Schroders indicated that further senior management restructuring is anticipated as the Nuveen integration progresses through subsequent quarters. The £9.9bn ($13.1bn) acquisition combines Schroders with Nuveen to create a consolidated asset manager with approximately $2.5tn in total assets under management, positioning the combined entity as a major player in global alternative investments and private markets.
Wunderlin joined Schroders in 2019 as head of private assets and ascended to CEO of Schroders Capital less than two years ago. During his tenure, he oversaw substantial growth in the division, expanding assets under management from $38bn in 2019 to $116bn as of 2026—a compound expansion of approximately 205% over seven years. Prior to Schroders, Wunderlin held senior positions at UBS and led alternative investment manager HQ Capital. He began his career at Boston Consulting Group. The company characterized his decision to leave as a natural transition point following the completion of the business's current growth phase.
The leadership changes at Schroders extend beyond Wunderlin's departure. Elizabeth Corley, chair of Schroders and former CEO of Allianz Global Investors, announced her own exit earlier this month. Schroders indicated that further senior management restructuring is anticipated as the Nuveen integration progresses through subsequent quarters. The £9.9bn ($13.1bn) acquisition combines Schroders with Nuveen to create a consolidated asset manager with approximately $2.5tn in total assets under management, positioning the combined entity as a major player in global alternative investments and private markets.
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