Schroders expands securitised credit capability through acquisition of ABS and MBS team from Brookfield

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The team is led by Michelle Russell-Dowe, Managing Director and Head of Securitised Products Investments at
Brookfield, and will combine with Schroders’ existing New York based ABS team. The combined team will
oversee more than $8 billion, with significant capacity for further growth.

The team also manages an Irish qualifying investor alternative investment fund (QIAIF), which will become an
important component of the firm’s extension into alternative investments. These assets will be managed under
the Schroders brand, with full access to the firm’s asset management platform, economists, research and risk
management capabilities.

Karl Dasher, CEO North America at Schroders said: “This acquisition deepens our capabilities in one of the largest and most research intensive credit sectors
globally. The process developed by Michelle and her team over two decades has delivered one of the longest
and strongest track records in the sector with an extensive network of industry relationships. This will strengthen
our investment capability for both US and non-US investors seeking higher return opportunities within fixed
income.”

Michelle Russell-Dowe, Managing Director and Head of Securitised Products Investments at Brookfield
said: “Our team is very excited to become part of Schroders. We feel the organisation, investment approach and
environment will be a great fit for our team and our clients, which will benefit from the deep resources and
capabilities Schroders has to offer globally. We look forward to working with Schroders to build on the exciting
opportunities available in a changing fixed income landscape.”

Schroders has a diversified and expansive fixed income capability globally, which includes credit, multi-sector,
rates, emerging market debt, municipals, convertibles, currencies and has now enhanced existing ABS and MBS
capabilities. The Fixed Income team manages over $125 billion[[As of March 31, 2016 ]] in assets under management across the
regions and is supported by an investment staff of over 150 individuals including portfolio management, research,
analytics, risk and product and portfolio management.

Financial terms of the transaction were not disclosed and it is expected to complete in the third quarter of 2016.