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Peter Harrison (businessman)

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Peter Harrison
BornMay 1966 (age 58)
NationalityBritish
EducationUniversity of Bath
Occupation(s)CEO, Schroders
PredecessorMichael Dobson
SpouseMarried
Children2

Peter Harrison (born May 1966) is a British businessman, and the chief executive (CEO) of Schroders,[1] a British multinational investment management company.

Education

Peter Harrison was born in May 1966.[2] He studied at the University of Bath, graduating in 1988 with a degree in business administration.[3]

Career

Harrison began his career at Schroders as a graduate in 1988, before moving to Newton Investment Management in 1991. Prior to returning to Schroders in 2013 as global head of equities, Harrison worked in a number of senior roles at JPMorgan, Deutsche Asset Management and latterly chairman and CEO of RWC Partners. He became head of investment at Schroders in 2014 and then CEO in 2016, when he succeeded Michael Dobson, who had been CEO for 15 years and became the chairman.[4] Dobson's move from CEO to chairman was widely criticised, for example in The Independent, "City in uproar as Schroders tycoons flout the rules on good governance".[5]

Harrison faced controversy in April 2020 when Schroders announced it would pay him £9 million, an increase of 39% on his salary the previous year. It was announced in the midst of the coronavirus lockdown, while Schroders was urging companies to keep executive pay under control.[6] Harrison responded to the controversy by pledging to donate a portion of his salary and bonus for the year 2020 to charity. Schroders further responded by introducing a collective action scheme, encouraging its employees to do the same.[7]

Non-executive appointments

Harrison is the chairman of the Investment Association board and advisory council.[8] He is a member of the advisory board of the International Business and Diplomatic Exchange[9] and sits on the Takeover Panel.

Memberships and honours

In 2017 Harrison was awarded an honorary doctorate by the University of Bath.[10] He is a member of the CFA advisory council and sits on the CityUK advisory board.[11] He is also a member of the Diversity Project[12] and part of the Embankment Project for Inclusive Capitalism.[13] He is involved in improving diversity and inclusion, and was ranked ninth in the 2018 Financial Times 50 Male Champions of Women in Business - part of the FT's annual HERoes.[14] He is also an OUTstanding Top 50 Ally Executive.[15] Harrison was included in Debrett's 500 most influential people,[16] and was shortlisted for Advocate of the Year at the Women in Finance awards.[17]

Harrison is a Patron of The Prince's Trust[18] and served as a Trustee of the Game and Wildlife Conservation Trust.

Personal life

He is married with two children.[19]

References

  1. ^ "Press Release - Schroders plc - Board succession" (PDF).
  2. ^ "SCHRODERS PLC - Officers (free information from Companies House)". Beta.companieshouse.gov.uk. Retrieved 2016-04-12.
  3. ^ "New Schroders CEO Peter Harrison Inherits a Thriving Business". Institutional Investor. Retrieved 30 January 2018.
  4. ^ White, Josh (2016-03-03). "Schroders books solid earnings growth, names new CEO - Yahoo Finance UK". Uk.finance.yahoo.com. Retrieved 2016-04-12.
  5. ^ "City in uproar as Schroders tycoons flout the rules on good governance". independent.co.uk. 3 March 2016. Retrieved 30 January 2018.
  6. ^ Tasman-Jones, Jessica (2020-06-15). "Schroders boss responds to £9m coronavirus pay controversy". Portfolio Adviser. Retrieved 2020-09-18.
  7. ^ Martin, Ben. "Schroders boss Harrison to donate £630,000 in pay to charity". The Times. Retrieved 14 November 2020.
  8. ^ "Investment Association appoints Peter Harrison to lead board | Investment Association". www.theinvestmentassociation.org. Retrieved 2018-01-29.
  9. ^ "Advisory Board". www.ibde.org.
  10. ^ "Mr Peter Harrison: Oration". www.bath.ac.uk. Retrieved 2018-01-29.
  11. ^ "Advisory Council | TheCityUK". www.thecityuk.com. Retrieved 2018-01-29.
  12. ^ "Peter Harrison | Diversity Project". diversityproject.com. Retrieved 2018-01-29.
  13. ^ "Coalition for Inclusive Capitalism: Peter Harrison". Coalition for Inclusive Capitalism. Retrieved 2018-01-29.
  14. ^ "HERoes ranking: champions of women in business". Financial Times. Retrieved 3 October 2018.
  15. ^ "Subscribe to read". Financial Times. Retrieved 2018-01-29. {{cite web}}: Cite uses generic title (help)
  16. ^ "Finance - Debrett's". Debrett's. Retrieved 2018-01-29.
  17. ^ "Winners - 2017 Women in Finance Awards". Women in Finance Awards. Retrieved 2018-01-29.
  18. ^ "Roll of Patrons | Support our work | The Prince's Trust". www.princes-trust.org.uk. Retrieved 2018-01-29.
  19. ^ Dunkley, Emma. "Interview: Schroders' Peter Harrison rules out selling the family silver" – via www.thetimes.co.uk.
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