Schroders shares plummet after investors pull £2.3bn Investing Schroders, one of the largest asset managers in the UK, has reported a jump in outflows over the last quarter, sending its stock price plummeting more than 14 per cent this morning.
Schroders names new finance chief and elevates investment boss to board Investing Schroders has named a new chief financial officer and elevated its chief investment officer to the board in the FTSE 100 asset manager’s latest leadership reshuffle. Meagen Burnett, currently the firm’s chief operating officer, is due to take over the CFO role from Richard Oldfield, who is preparing to succeed outgoing chief executive Peter Harrison. [...]
Schroders launches first ‘retail’ LTAF with private equity focus Investing Schroders has launched the UK’s first ever retail-focused Long-Term Asset Fund (LTAF), as the investment vehicle finally starts to become available to the wider market. The LTAF, which will be available to wealth managers with retail clients, is the first LTAF Schroders has launched not targeted at pension schemes, charities, or institutional investors. James Lowe, [...]
Meet the fund managers: Schroder REIT and property investing September 16, 2024 In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Nick Montgomery, manager of Schroder REIT. How does your fund stand out from others in the same market? Whilst the whole sector has been impacted by the higher rate backdrop, which has weighed [...]
Schroders set to promote CFO Richard Oldfield to CEO September 5, 2024 Schroders is set to promote its chief financial officer Richard Oldfield to CEO after Peter Harrison announced in April that he would be retiring. Oldfield, who joined Schroders last year from PwC, will be promoted to the top role next year, according to reports in the FT. Oldfield worked as PwC for over 20 years, [...]
Schroders stock dips seven per cent despite profit remaining steady August 1, 2024 Schroders saw assets under management hit a new high of £773bn, as the company prepares to make a mark in the private capital space.
Pensions take another step towards private markets in Schroders Phoenix joint venture July 31, 2024 Schroders and Phoenix Group have launched a new private markets manager, Future Growth Capital, with £1bn in backing. The new joint venture between the asset manager and pension giants is a significant step for the pensions industry into private markets, a direction the industry is clearly heading in. “Schroders bring the private markets capabilities, and [...]
What’s next for the square mile? The City A.M. Summit explores the future of London July 17, 2024 Here are the highlights of the City A.M. Summit, held in conjunction with the Aquis Exchange, which was a breakfast summit in London that took place at the Aquis Exchange on Wednesday, 10 July.
Reeves must accelerate pension consolidation to unlock UK investment, says Schroders chief July 13, 2024 Rachel Reeves should accelerate efforts to merge smaller pension funds to allow the country’s retirement cash to flow into British companies, the chief executive of Schroders has said.
Mark Kleinman: Water sector’s goodwill will evaporate under Labour July 11, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his fortnightly City A.M. column. This week he writes about the new government’s plans for water firms, housebuilders and Schroders The moment has arrived. By the time City AM readers set eyes on today’s newspaper, Ofwat, the water [...]