24
April 2024
SCHRODERS
PLC
Future retirement of Peter
Harrison
Schroders plc today announces that
after a decade on the Board, Peter Harrison has signalled his
intention to retire as Group Chief Executive (CEO) next year. A
thorough and extensive search for his successor will now be
launched. The Board anticipates an orderly transition during 2025
and Peter will remain as a director of the Company throughout this
period.
Elizabeth Corley, Chair of Schroders
plc said, "The Board recognises that in Peter, Schroders has had an
outstanding CEO over the past eight years. During his tenure, the
business has undergone a remarkable transformation to become a
global, diversified active investor across both public and private
markets, as well as a leader in UK wealth management, more than
doubling assets under management to over £750bn.
"Peter is a visionary in the asset
management industry who has driven the implementation of our
successful growth strategy, with his exemplary leadership
team.
"Peter's decision to announce his
planned retirement in such a transparent and collaborative way is
testament to his loyalty to the business and our clients, and
allows the Board to ensure an orderly process to appoint a new
CEO. I enjoy working with Peter immensely. He has served
Schroders exceptionally well over the last decade."
Peter Harrison, Group CEO, said,
"Having started my career as a graduate at Schroders, it has been
an immense privilege to be CEO. I care about the firm and our
people deeply. I believe that now is the right time for the Board
to begin the search for my successor and to do so transparently
with our stakeholders. I remain fully committed to the
business until my successor is found and will continue to work
tirelessly to drive forward our strategic growth agenda, in
partnership with the excellent management team that we have in
place. Growth, and a clear focus on investment outperformance for
our clients will remain our top priority."
Notes to Editors:
Peter Harrison joined Schroders in
March 2013 and became Group Chief Executive in April 2016. Prior to
his current role, he was Global Head of Investment.
Before joining Schroders, Peter was
Chairman and CEO of investment boutique RWC Partners. Peter began
his career at Schroders in 1988, and later spent some time at JP
Morgan, and as Group Chief Investment Officer of Deutsche Asset
Management (now DWS).
Peter is a member of the UK
Treasury's Asset Management Taskforce and the Capital Markets
Industry Taskforce. He was previously Chair and is currently
a Director of the Investment Association. Peter sits on the
Advisory Board of venture capital firm Antler and is a Director of
FCLT Global. He is the Chair of Business in the Community, the
King's responsible business charity.
For
further information, please contact:
Corporate Communications: Julie Foster
+44 (0)20 7658 4953 Julie.Foster@Schroders.com
|
Press: Andy Pearce +44
(0)20 7658 2203 Andy.Pearce@Schroders.com
Simone Selzer (Brunswick) +44 (0)20
7404 5959 Schroders@Brunswickgroup.com
|
Schroders plc
Schroders is a global investment
management firm with £750.6 billion of assets under management at
31 December 2023. Schroders continues to deliver strong financial
results in ever challenging market conditions, with a market
capitalisation of circa £7 billion and over 6,100 employees across
38 locations. Established in 1804, the founding family remains a
core shareholder, holding approximately 44% of Schroders'
shares.
Schroders has benefited from a
diverse business model by geography, asset class and client type.
It offers innovative products and solutions across four core
growing business areas; asset management, solutions, Schroders
Capital (private markets) and wealth management. Clients include
insurance companies, pension schemes, sovereign wealth funds, high
net worth individuals and foundations. Schroders also manages
assets for end clients as part of its relationships with
distributors, financial advisers and online
platforms.
Schroders aims to provide excellent
investment performance to clients through active management. It
also channels capital into sustainable and durable businesses to
accelerate positive change in the world. Schroders' business
philosophy is based on the belief that if we deliver for clients,
we will deliver for our shareholders and other
stakeholders.