Wonks think a wave of asset management mergers is inevitable January 22, 2025 Across the European continent, a surge of mergers and acquisitions among asset managers has begun. Yesterday, Italian and French giants Generali and Natixis agreed to a €1.9 trillion (£1.61 trillion) merger to create the second largest asset manager in Europe. Meanwhile, BNP Paribas recently bought out AXA’s investment arm, and rumours continue to swirl about [...]
Schroders shares plummet after investors pull £2.3bn November 5, 2024 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 September 26, 2024 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 September 25, 2024 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 promotes former PwC executive to top job as Harrison steps down September 10, 2024 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 [...]
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.