An Entrepreneurship article
Nuveen just closed its $13.1 billion acquisition of Schroders, the 222-year-old British asset manager. The deal pushes Nuveen into the top 10 global asset managers, with $2.6 trillion under management.
The headline is the money. The more interesting part is what CEO Bill Huffman said about culture. After more than 10 acquisitions, he has a clear view of how most mergers go wrong. The acquirer walks in, decides it knows better, and starts making everything its way. His alternative is simple. The first job after a deal is listening and learning, “Right? Not telling.”
He’s right. And it won’t be enough.
For the full article click here