Schroders steps back from City lobbying taskforce Investing Schroders has stepped back from a City taskforce lobbying to drive growth in the UK’s capital markets, despite its close ties with the asset manager’s former CEO Peter Harrison. The Capital Markets Industry Taskforce (CMIT), which was established in 2022, is chaired by London Stock Exchange Group CEO Julia Hoggett, and counts Harrison as one [...]
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 promotes former PwC executive to top job as Harrison steps down Investing Schroders has confirmed the promotion of its finance chief to the top job today as long-time boss Peter Harrison prepares to step down in November. In a statement to the market, the FTSE 100 asset manager said Richard Oldfield, who has served as chief financial officer since last year, will take over the reins from [...]
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 [...]
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.
Schroders chief: FCA must not ‘muddle’ consumer powers with City competitiveness July 11, 2024 The boss of Schroders has called on the Financial Conduct Authority to more clearly separate its consumer protection powers from its duty to enhance the competitiveness of the City, as he issued a rallying cry to end “safetyism” in financial regulation.
Schroders chief Peter Harrison set to retire next year April 24, 2024 The veteran chief of Schroders, Peter Harrison, is set to step down next year after eight years at the helm of the FTSE 100 funds group, the firm announced today.