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Schroders plc is a British multinational asset management company headquartered in London, England. Founded in 1804, it employs over 6,000 people worldwide in 38 locations around Europe, America, Asia, Africa and the Middle East. It is traded on the London Stock Exchange and is a constituent of the FTSE 100 Index. It is the 21st largest asset management firm in the world.
Schroders bears the name of the Schröder family, a Hanseatic family of Hamburg with branches in other countries. The Schroder family, through trustee companies, individual ownership and charities, hold 44 per cent of the company's ordinary shares.
During the American Civil War, Schroders "issued £3m bonds in 1863 for the Confederacy".
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.Roberts, page 217
Further key events included the public offering of the shares in J. Henry Schroder & Co. Ltd on the London Stock Exchange in 1959Roberts, page 353 and the acquisition of Helbert, Wagg & Co, a leading issuing house, in 1962.Roberts, page 420
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.Roberts, page 502 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.Roberts, page 498 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. Citigroup to acquire Schroders bank unit International Herald Tribune, 19 January 2000 Citigroup's European investment banking arm traded as Schroder Salomon Smith Barney from 2000 to 2003. Citigroup boss banks on his 'foot soldiers' - The Times – September 17, 2006
In 2013, Schroders purchased the capital management arm of Cazenove in a deal worth £424 million.
Schroders bought the London-based Sandaire Investment Office in September 2020.
Schroders announced in June 2021 that it was uniting its specialist private assets capabilities under the newly launched Schroders Capital brand.
In 2023, Schroders announced that Chris Durack and Karine Szenberg were appointed co-heads to its client groups in an internal restructuring effort to drive growth across the Asia-Pacific area.
In September 2024, Schroders named finance chief Richard Oldfield as the new CEO, succeeding Peter Harrison, effective 8 November 2024.
In November 2024, Schroders announced that they were reducing the size of its executive committee to 9 members from 22. As part of the overhaul, Ed Houghton, who was most recently a director at Legal & General Group Plc, would join Schroders and its management committee as head of strategy and investor engagement.
In December 2021, the firm signed up to the United Nations Women Empowerment Principles, an initiative to support women in the workplace which was founded by the United Nations Global Compact and UN Women.
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