Schroders acquires Securities Investment Trust Enterprise (SITE) licence in Taiwan
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Released: 30/09/2008
Schroders plc (Schroders) announces that following receipt of regulatory approval one of its subsidiaries has today completed the acquisition of E.Sun Securities Investment Trust Co. Ltd. (E.Sun SITE), from E.Sun Financial Holding Co. Ltd, in Taiwan for cash consideration of approximately £8.8 million (NTD 523 million). The proposed acquisition was announced on 17 July 2008.
The acquisition of E.Sun SITE, a company that already has an existing Securities Investment Trust Enterprise (SITE) licence will enable Schroders existing business in Taiwan to establish an onshore investment and funds capability alongside its successful business distributing offshore funds. This is in line with the Group’s strategy to strengthen its existing position in attractive markets.
For further information please contact
| Emma Tovey, Head of Corporate Communications | +44 (0) 20 7658 2329 |
| Local contact details | |
| Sharon Chen, Head of Marketing & Communications | +886 2 8723 6853 |
Notes to Editors
Schroders plc
Schroders is a global asset management company with £130.2 billion under management as at 30 June 2008. Our clients are major financial institutions including pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors.
We apply our specialist asset management skills in serving the needs of our clients worldwide. With one of the largest networks of offices of any dedicated asset management company and over 250 portfolio managers and analysts covering all the major investment markets, we offer our clients a comprehensive range of products and services.
Further information about Schroders can be found at www.schroders.com or on Schroders Talking Point http://talkingpoint.brighttalk.com/
Issued by Schroder Investment Management Ltd, which is authorised and regulated by the Financial Services Authority.
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