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Schroders and Lloyds in talks over wealth management venture

UK-listed fund manager is chasing a £109bn investment mandate from the banking group

UK-listed fund manager Schroders has confirmed it is in talks with Lloyds Banking Group over a new wealth management venture.

The announcement comes with Schroders leading the race to manage some £109bn of Lloyds money previously overseen by its rival Standard Life Aberdeen.

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