Schroders plc (Schroders) is the parent company of an international asset management and private banking group. Schroders operates three business segments: Asset Management, Private Banking and Group. Asset Management includes three divisions: Investment, Distribution and Infrastructure. The Investment division consists of its portfolio management, research and dealing functions across a product range covering equities, fixed income, multi-asset and alternatives. In April 2013, Schroder U.S. Holdings Inc completed the acquisition of 100% interest of STW Fixed Income Management LLC. In April 2013, Schroders PLC acquired a 30% stake in Secquaero Advisors AG.