|Traded as||LSE: SDR / LSE: SDRC|
|Headquarters||London, United Kingdom|
|Key people||Andrew Beeston, Chairman
Michael Dobson, CEO
|Revenue||£1,425.4 million (2012)|
|Operating income||£343.7 million (2012)|
|Net income||£283.2 million (2012)|
Schroders plc is a British multinational asset management company, founded in 1804. The company employs over 3,000 people worldwide across 37 offices in 27 different countries around Europe, America, Asia and the Middle East. Headquartered in the City of London, it is traded on the London Stock Exchange and is a constituent of the FTSE 100 Index. Schroders has two share classes: voting shares (SDR.L) and non-voting shares (SDRC.L).
Schroders' history began in 1804 when Johann Heinrich Schröder (John Henry) became a partner in the London-based firm of his brother, Johann Friedrich (John Frederick). In 1818 J. Henry Schröder & Co. was established in London.
Key events in the development of the business include the establishment of J Henry Schroder Banking Corporation ('Schrobanco') as a commercial bank in New York in 1923, the public offering of the shares in J. Henry Schroder & Co. Ltd on the London Stock Exchange in 1959 and the acquisition of Helbert, Wagg & Co, a leading issuing house, in 1962.
In 1986 the Company disposed of Schrobanco, its commercial banking arm in New York and acquired 50% of Wertheim & Co, a mid-tier New York based investment bank, whose activities more closely mirrored those of the London business.
Schroders played a leading role in the privatisations carried out by the UK Government in the 1980s and was to grow dramatically under Winfried Bischoff. Schroders was worth £30 million when he took over as CEO in 1984: yet in 2000 the company sold its investment banking division to Citigroup for £1.3 billion. Citigroup's European investment banking arm traded as Schroder Salomon Smith Barney from 2000 to 2003.
As at 30 September 2013, Schroders manages assets worth £256.7 billion (EUR 307.1 billion/$415.7 billion)*, on behalf of clients including corporations, insurance companies, local and public authorities, charities, pension funds, high net worth individuals and retail investors. Schroders operates through 37 offices in 27 countries providing wide geographic coverage.
- Source: Schroders, all data as at 30 September 2013, including Cazenove Capital assets under management.
Notable current and former employees
- Geoffrey Bell - Chairman of Guinness Mahon (1987–1993) and founder of the Group of Thirty
- Winfried Bischoff - Chairman of Lloyds Banking Group (2009–present)
- Andrew Knight - Editor of The Economist (1974–1986)
Politics and public service
- David Ogilvy, 13th Earl of Airlie - Lord Chamberlain (1984–1997)
- Gordon Richardson - Governor of the Bank of England (1973–1983)
- James Wolfensohn - President of the World Bank (1995–2005)
- Sir John Henry Bremridge KBE, JP, MA - Financial Secretary of Hong Kong (1981–1986). Sir John Henry Bremridge served as a non executive director of Schroders plc.
- Avery Rockefeller - member of the Rockefeller family
- Frank Cyril Tiarks - director of the Bank of England (1912–1945); and High Sheriff of Kent (1927)
- Annual Results 2012
- Roberts, page 29
- Roberts, page 32
- Roberts, page 217
- Roberts, page 353
- Roberts, page 420
- Roberts, page 502
- Roberts, page 498
- Citigroup to acquire Schroders bank unit International Herald Tribune, 19 January 2000
- Citigroup boss banks on his 'foot soldiers' - The Times - September 17, 2006
- Schroders plc: Schroders Overview
- Roberts, Richard (1992). Schroders, Merchants & Bankers. Basingstoke, UK: Macmillan Press. ISBN 0-333-44511-2.