SCHRODERS

'Schroders plc' is a British investment management company with its headquarters in the City of London. It is traded on the London Stock Exchange and is a constituent of the FTSE 100 Index.
It operates through four divisions: private banking, institutional services, private equity, and mutual funds.
Its clients include corporations, insurance companies, local and public authorities, charities, pension funds, high net worth individuals and retail investors. Schroders operates in around thirty countries, with its main offices in London, New York and Zurich, and smaller offices in most of the main financial centres of Europe, the Americas and the Asia Pacific region.
In the year ended 31 December 2006 the company made a profit before tax of £290.0 million and a net profit of £221.9 million on net revenues of £967.2 million.
Schroders has two share classes: voting shares (SDR.L) and non-voting shares (SDRt.L).
Schroders bears the name of the Schroder family who have an estimated wealth of just over £1.2 billion.

Contents

History

Talking Point

Notable current and former employees

Business

Politics and public service

Other

References

External links

History

Schroders' history began in 1804 when Johann Heinrich Schröder became a partner in his brother's London based firm. In 1818 J. Henry Schröder & Co. was established in London.
Key developments in the development of the business included the establishment of J Henry Schroder Banking Corporation ('Schrobanko') as a commercial bank in New York in 1923, the public offering of the shares in J. Henry Schroder & Co. Ltd on the London Stock Exchange in 1959 and the acquisition of Helbert, Wagg & Co, a leading issuing house, in 1962.
In 1986 the Company disposed of Schrobanko, 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.
Schroders played a leading role in the privatisations carried out by the UK Government in the 1980s.
In 2000 Schroders sold its investment banking division to Citigroup and Citigroup's European investment banking arm traded as Schroder Salomon Smith Barney from 2000 to 2003.

Talking Point

Alan Brown, who joined as Head of Investment in 2005 from State Street Corporation, has launched an initiative to bring the external perceptions of the company up to speed with reality. To this end, the 'Talking Point' website has been set up in order to reflect and promote Schroders' position as a 'thought leader' in the fields of investment management, finance, and economics. Alan Brown himself has recently enjoyed considerable press exposure by virtue of his own 'thought leadership' on liability-driven investment as a way to approach not only the pensions crisis, but pension investment in general.

Notable current and former employees

Business

★ Geoffrey Bell - Chairman of Guiness Mahon (1987 - 1993) and founder of the Group of Thirty

★ 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)

Other

★ Avery Rockefeller - member of the Rockefeller family

References

★ ''Schroders, Merchants & Bankers'' by Richard Roberts: published by Macmillan Press Ltd 1992

External links

★ Schroders Company Website

★ The new 'Talking Point' website