Nuveen is buying Schroders in a £9.9 billion deal, creating one of the world’s largest active asset managers with nearly $2.5 trillion of assets. Schroders CEO Richard Oldfield told Bloomberg that he will stay on as chief executive of the firm and that the transaction can help Schroders scale. The move ends more than two centuries of independence for the UK’s largest standalone asset manager. Schorders jumped as much as 30% at the open. Elsewhere, EssilorLuxottica and Hermès were among the