Schroders facts for kids
 |
|
Headquarters at 1 London Wall Place
|
|
| Public limited company | |
| Traded as | LSE: SDR LSE: SDRC FTSE 100 Component |
| Industry | Investment management |
| Founded | 1804 |
| Founder | Johann Heinrich Schröder |
| Headquarters | London, England, UK |
|
Key people
|
|
| Products |
|
| Revenue |  £2,334.4 million (2023) |
|
Operating income
|
£661.0 million (2023) |
| £402.6 million (2023) |
|
| AUM |  £750.6 billion (2023) |
|
Number of employees
|
6,102 (2023) |
| Subsidiaries | Cazenove (stock broker), Asia Pacific Land Limited, Blue Asset Management, Schroder & Co Bank AG, Sandaire Investment Office, Schroders Capital |
Schroders plc is a big company based in London, England. It helps people and other companies manage their money. This is called asset management. Schroders was started way back in 1804.
Today, over 6,000 people work for Schroders all around the world. They have offices in many countries across Europe, America, Asia, Africa, and the Middle East. Schroders is listed on the London Stock Exchange. This means you can buy and sell parts of the company there. It is also part of the FTSE 100 Index, which lists the 100 biggest companies on the London Stock Exchange.
The company is named after the Schröder family. This family, through different ways, still owns a large part of the company.
Contents
How Schroders Started and Grew
.Wappen.ajb.jpg)
Schroders began its journey in 1804. That's when Johann Heinrich Schröder joined his brother's business in London. His brother, Johann Friedrich, had started his own company in 1800. Later, in 1818, J. Henry Schröder & Co. was officially set up in London.
Key Moments in Schroders' History
A big step for the company was in 1923. They opened J. Henry Schroder Banking Corporation in New York. This was a commercial bank, which helps businesses with their money.
In 1959, parts of the company were offered to the public. This meant anyone could buy shares in J. Henry Schroder & Co. Ltd on the London Stock Exchange. In 1962, they bought another important company called Helbert, Wagg & Co.
In 1986, Schroders sold its banking part in New York. They also bought half of Wertheim & Co., an investment bank in New York. This company did similar work to Schroders' London business. Schroders played a big role in selling off government-owned companies in the UK during the 1980s.
The company grew a lot under Winfried Bischoff. He became the boss in 1984. Back then, Schroders was worth about £30 million. By 2000, the company sold its investment banking part to Citigroup for a huge £1.3 billion.
Recent Company Developments
In 2013, Schroders bought the capital management part of Cazenove. This deal was worth £424 million.
In September 2020, Schroders bought another company in London called Sandaire Investment Office.
In June 2021, Schroders brought all its special private investment teams together. They launched a new brand called Schroders Capital.
In 2023, Schroders made some changes to help them grow more. They appointed Chris Durack and Karine Szenberg to lead their client groups in Asia-Pacific.
What Schroders Does Today
In April 2012, Schroders bought a 25% share in Axis Mutual Fund. This is a company that manages money for many different investors.
In December 2021, the company joined the UN's Women Empowerment Principles. This is a program that helps support women in the workplace. It was started by the United Nations Global Compact and UN Women.
At the end of 2021, Schroders was managing about £615.2 billion for its clients. These clients include big companies, insurance companies, local governments, charities, and individuals.
Working with Universities
In June 2014, a part of Schroders called Multi-Asset Investments and Portfolio Solutions (MAPS) started working with Anthony G. Constantinides. He is a professor at Imperial College. They worked together on a new lab focused on financial signal processing.
Well-Known People Who Worked at Schroders
Many important people have worked at Schroders over the years.
Business Leaders
- Geoffrey Bell – He was the chairman of Guinness Mahon and started the Group of Thirty.
- Winfried Bischoff – He was the chairman of Lloyds Banking Group.
- Andrew Knight – He was the editor of The Economist magazine.
People in Politics and Public Service
- David Ogilvy, 13th Earl of Airlie – He served as the Lord Chamberlain for the Queen.
- Sir Gordon Richardson – He was the governor of the Bank of England.
- James Wolfensohn – He was the president of the World Bank.
- Sir John Henry Bremridge – He was the financial secretary of Hong Kong. He also served as a non-executive director at Schroders.
Other Notable People
- Avery Rockefeller – He was a member of the famous Rockefeller family.
- Frank Cyril Tiarks – He was a director of the Bank of England and a High Sheriff of Kent.
Images for kids
-
Headquarters at 1 London Wall Place
-
Arms of the family
See also
In Spanish: Schroders para niños
