Schroders facts for kids
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Headquarters at 1 London Wall Place
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| 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 |
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Key people
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| Products |
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| Revenue |  £2,970.0 million (2024) |
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Operating income
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 £640.5 million (2024) |
| £433.0 million (2024) |
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| AUM | £778.7 billion (2024) |
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Number of employees
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6,071 (2024) |
| 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 British company that helps people and other companies manage their money. It's called an asset management company. Its main office is in London, England.
Schroders started way back in 1804. Today, it has over 6,000 employees all around the world. You can find their offices in Europe, America, Asia, Africa, and the Middle East. Schroders is listed on the London Stock Exchange, which means its shares can be bought and sold there. It's also part of the FTSE 100 Index, which is a list of the 100 biggest companies on that stock exchange.
The company is named after the Schröder family. This family, through different ways, still owns a large part of the company's shares.
Contents
History of Schroders
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The story of Schroders began in 1804. That's when Johann Heinrich Schröder joined his brother's business, J.F. Schröder & Co., in London. His brother, Johann Friedrich, had started the company in 1800. A few years later, in 1818, J. Henry Schröder & Co. was officially set up in London.
Over the years, Schroders grew and changed. In 1923, they opened a commercial bank in New York called J. Henry Schroder Banking Corporation, or 'Schrobanco'.
A big step for the company was in 1959 when its shares were offered to the public on the London Stock Exchange. This meant anyone could buy a part of the company. In 1962, they bought another important company called Helbert, Wagg & Co.
In 1986, Schroders sold its banking business in New York. They also bought half of Wertheim & Co., an investment bank in New York. Schroders became very important in helping the UK government sell off state-owned companies in the 1980s. The company grew a lot under Winfried Bischoff, who became its CEO in 1984. When he started, Schroders was worth about £30 million. By 2000, the company sold its investment banking part to Citigroup for a huge £1.3 billion!
In 2013, Schroders bought the money management part of Cazenove for £424 million. This helped them manage even more money for clients.
More recently, in September 2020, Schroders bought a company called Sandaire Investment Office in London. In June 2021, they brought all their special private investment teams together under a new name, Schroders Capital.
In 2023, Schroders made some changes to its leadership. Chris Durack and Karine Szenberg became co-heads of their client groups. This was done to help the company grow more in the Asia-Pacific region.
In September 2024, Richard Oldfield, who was the finance chief, was named the new CEO. He took over from Peter Harrison in November 2024. Also in November 2024, Schroders decided to make its executive committee smaller. This means fewer people will be making the top decisions for the company. Ed Houghton joined Schroders as the head of strategy and investor engagement.
How Schroders Works Today
Schroders helps many different types of clients manage their money. These clients include big companies, insurance companies, local governments, charities, and even individuals who have a lot of money. They also help regular people who want to invest.
In April 2012, Schroders bought a 25% share in Axis Mutual Fund, which is a company that manages money for many investors.
In December 2021, the company joined the UN's Women Empowerment Principles. This is an effort to support women in the workplace and was started by the United Nations Global Compact and UN Women.
At the end of 2021, Schroders was managing about £615.2 billion worth of assets for its clients. This shows how much trust people put in them to handle their money.
Working with Universities
In June 2014, Schroders' team that handles different types of investments (called Multi-Asset Investments and Portfolio Solutions, or MAPS) started working with Professor Anthony G. Constantinides. He is the director of a new lab at Imperial College that studies how to use signals to understand financial markets.
People Who Worked at Schroders
Many interesting people have worked at Schroders over the years. Some went on to do other important things in business, politics, or other fields.
Business Leaders
- Geoffrey Bell – He was the chairman of another company called Guinness Mahon and started a group called the Group of Thirty.
- Winfried Bischoff – He was the chairman of Lloyds Banking Group, a big bank.
- Andrew Knight – He was the editor of The Economist, a famous magazine.
- Huw van Steenis – He is a vice chair at Oliver Wyman, a company that gives advice to businesses.
Politics and Public Service
- David Ogilvy, 13th Earl of Airlie – He held a special role in the British royal household called Lord Chamberlain.
- Sir Gordon Richardson – He was the governor of the Bank of England, which is like the central bank of the UK.
- James Wolfensohn – He was the president of the World Bank, an international organization that helps countries develop.
- Sir John Henry Bremridge – He was the financial secretary of Hong Kong. He also served on the board of 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 held a special local role called High Sheriff of Kent.
See also
In Spanish: Schroders para niños
