The Sunday Times reported the Minnesota-based parent company of Threadneedle is leading a raft of bidders for SWIP.
Speculation that a sale of the investment manager was imminent was rife earlier in the month when it was suggested owner of the business, Lloyds Banking Group, had hired Deutsche Bank to advise on a potential sale.
The news comes just one month after Lloyds announced plans to sell one third of its 60% stake in wealth manager St James’s Place.
A spokesperson for SWIP said it was unable to comment on market speculation, while Threadneedle was unable to comment on the actions of its parent company.
SWIP has around £141.7bn in AUM, and in 2012 saw outflows reach £19.5bn versus inflows of £12.9bn. This was attributed to difficult market conditions and AUM during the period increased by just 1.3%.
Find out more about the implication of the sale of SWIP on the adviser and professional community here.
