Schroders is poised to unveil plans to move to a new property development, according to The Times.
The paper says the 200-year old asset management company will today reveal details on the switch of its headquarters from Gresham Street to a 12-story 300,000 sq ft office at One London Wall Place.
The development is managed by Brookfield Office Properties and Oxford Properties in partnership with the City of London Corporation, which owns the freehold. The development is scheduled to be completed by late 2016.
The move follows the firm's £424 million acquisition of Cazenove Capital last year.
Schroders chief executive Michael Dobson told The Times the move would enable the firm to have all its staff under one roof.