Schroders: Difference between revisions
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==Current operations== |
==Current operations== |
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As at 31 December 2021, Schroders was responsible for assets worth £615.2 billion on behalf of clients including corporations, insurance companies, local and public authorities, charities, pension funds, high-net-worth individuals and retail investors.<ref name=results/> |
As at 31 December 2021, Schroders was responsible for assets worth £615.2 billion on behalf of clients including corporations, insurance companies, local and public authorities, charities, pension funds, high-net-worth individuals and retail investors.<ref name=results/> |
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In April 2012, [[Schroders]], acquired a 25% stake in [[Axis Mutual Fund]].<ref>{{cite web |title=UK-based Schroders AMC to buy 25% stake in Axis MF |url=https://www.moneycontrol.com/news/business/mutual-funds/-1947151.html |website=Moneycontrol}}</ref><ref>{{cite web |agency=Press Trust of India |title=Axis MF launches new close-ended equity scheme |url=https://www.business-standard.com/article/markets/axis-mf-launches-new-close-ended-equity-scheme-113111900875_1.html |website=Business Standard India |date=19 November 2013}}</ref> |
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==Collaboration with universities== |
==Collaboration with universities== |
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Revision as of 05:59, 7 May 2022
 | |
 Headquarters at 1 London Wall Place | |
| Company type | Public limited company |
|---|---|
| LSE: SDR LSE: SDRC FTSE 100 Component | |
| Industry | Investment management |
| Founded | 1804 |
| Founder | Johann Heinrich Schröder |
| Headquarters | London, United Kingdom |
Key people |
|
| Revenue |  £2,959.5 million (2021)[1] |
| £836.2 million (2021)[1] | |
| £623.8 million (2021)[1] | |
| AUM | £615.2 billion (2021)[1] |
Number of employees | 5,500 (2021)[2] |
| Subsidiaries | Cazenove (stock broker), Asia Pacific Land Limited, Blue Asset Management, Schroder & Co Bank AG, Sandaire Investment Office |
| Website | www |
Schroders plc is a British multinational asset management company, founded in 1804. The company employs over 5,000 people worldwide in 32 locations around Europe, America, Asia, Africa 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 bears the name of the Schröder family, a prominent Hanseatic family of Hamburg with branches in other countries. The Schroder family, through trustee companies, individual ownership and charities, control 47.93 per cent of the company's ordinary shares.[3]
History
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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).[4] In 1818 J. Henry Schröder & Co. was established in London.[5]
During the American Civil War, Schroders "issued £3m bonds in 1863 for the Confederacy."[6]
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,[7] the public offering of the shares in J. Henry Schroder & Co. Ltd on the London Stock Exchange in 1959[8] and the acquisition of Helbert, Wagg & Co, a leading issuing house, in 1962.[9]
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.[10]
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.[11] Schroders was worth £30 million when he took over as CEO in 1984; in 2000 the company sold its investment banking division to Citigroup for £1.3 billion.[12] Citigroup's European investment banking arm traded as Schroder Salomon Smith Barney from 2000 to 2003.[13]
In 2013, Schroders purchased the capital management arm of Cazenove in a deal worth £424 million.[14]
Schroders bought the London-based Sandaire Investment Office in September 2020.[15]
Current operations
As at 31 December 2021, Schroders was responsible for assets worth £615.2 billion on behalf of clients including corporations, insurance companies, local and public authorities, charities, pension funds, high-net-worth individuals and retail investors.[1]
In April 2012, Schroders, acquired a 25% stake in Axis Mutual Fund.[16][17]
Collaboration with universities
In June 2014, Schroders' Multi-Asset Investments and Portfolio Solutions (MAPS) announced a collaboration with Professor Anthony G. Constantinides, Director of the newly created Imperial College Financial signal processing Laboratory (FSP). [18][19]
Notable current and former employees
Business
- Geoffrey Bell – chairman of Guinness Mahon (1987–1993) and founder of the Group of Thirty
- Winfried Bischoff – chairman of Lloyds Banking Group (2009–2014)
- 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.
Other
- Avery Rockefeller – member of the Rockefeller family
- Frank Cyril Tiarks – director of the Bank of England (1912–1945); and High Sheriff of Kent (1927)
References
- ^ a b c d e "Annual Results 2021" (PDF). Schroders. Retrieved 3 March 2022.
- ^ "Schroders £4 billion UK Investment Solutions business to launch low-cost Multi-Asset Funds and Model Portfolio ranges". Cazenove. 7 April 2021. Retrieved 15 February 2022.
- ^ "Annual Report 2017" (PDF). Schroders. Retrieved 22 August 2018.
- ^ Roberts, page 29
- ^ Roberts, page 32
- ^ Gow, David (19 January 2000). "Dynasty: a tale of money and power". The Guardian. Retrieved 12 September 2017.
- ^ 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 buys Cazenove in £424m deal". Telegraph.co.uk. Retrieved 2017-02-17.
- ^ "Schroders buys Sandaire to accelerate wealth management push". Financial Times. 18 September 2020.
- ^ "UK-based Schroders AMC to buy 25% stake in Axis MF". Moneycontrol.
- ^ "Axis MF launches new close-ended equity scheme". Business Standard India. Press Trust of India. 19 November 2013.
- ^ "Schroders Press Release". Retrieved 2014-07-15.
- ^ "FSP Lab News". Retrieved 2014-07-15.
Further reading
- Roberts, Richard (1992). Schroders, Merchants & Bankers. Basingstoke, UK: Macmillan Press. ISBN 0-333-44511-2.
External links
| International | |
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| National | |