The deal was first announced on 20 April 2017.

London-based firm Schroders has completed the acquisition of Adveq, a private equity asset manager.

The acquisition, which was announced on 20 April 2017, has now received regulatory approval, Schroders said in a statement.

Adveq has now been renamed Schroder Adveq after the completion of the deal.

Stephen Mills has joined the Schroder Adveq board as executive chairman. Bruno Raschle, founder of Schroder Adveq, remains on the board in a new capacity of non-executive vice chairman.

“We are pleased to have received such a high level of support from our clients and other stakeholders for our partnership with Schroders,”said Sven Lidén, chief executive of Schroder Adveq. “Schroder Adveq, as we are now known, remains committed to delivering the strong investment performance and high quality client service that investors have come to expect from our team over the 20 years since we first launched.”

Headquartered in Switzerland, Schroder Adveq employs over 100 people around the world. Schroder Adveq has offices in Zurich, Frankfurt, London, Jersey, New York, Beijing, and Hong Kong.