| Type | Public |
|---|---|
| Traded as | LSE: SDR |
| Industry | Investment management |
| Founded | 1804 |
| Headquarters | London, United Kingdom |
| Key people | Michael Miles, Chairman Michael Dobson, CEO |
| Revenue | £1,155.8 million (2010)[1] |
| Operating income | £381.8 million (2010)[1] |
| Net income | £311.2 million (2010)[1] |
| Website | www.schroders.com |
Schroders plc (LSE: SDR) is a British multinational asset management company with over 200 years of experience in the world's financial markets. The company employs 2,905 people worldwide who are operating from 32 offices in 25 different countries around Europe, America, Asia and the Middle East. Headquartered in the City of London, it is traded on the London Stock Exchange and is a constituent of the FTSE 100 Index. Schroders has two share classes: voting shares (SDR.L) and non-voting shares (SDRt.L).
Schroders bears the name of the Schröder family, a European banking family of German and French origin.
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Schroders' history began in 1804 when Johann Heinrich Schröder (John Henry) became a partner in the London-based firm of his brother, Johann Friedrich (John Frederick).[2] In 1818 J. Henry Schröder & Co. was established in London.[3]
Key developments in the development of the business included the establishment of J Henry Schroder Banking Corporation ('Schrobanco') as a commercial bank in New York in 1923,[4] the public offering of the shares in J. Henry Schroder & Co. Ltd on the London Stock Exchange in 1959[5] and the acquisition of Helbert, Wagg & Co, a leading issuing house, in 1962.[6]
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.[7]
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.[8] Schroders was worth £30 million when he took over as CEO in 1984: yet in 2000 the company sold the investment banking division to Citigroup for £1.3 billion.[9] Citigroup's European investment banking arm traded as Schroder Salomon Smith Barney from 2000 to 2003.[10]
As at 30 September 2011, Schroders manages assets worth £182.2bn (€211.6bn / $283.9bn),[11] on behalf of clients including corporations, insurance companies, local and public authorities, charities, pension funds, high net worth individuals and retail investors. Schroders operates through 32 offices in 25 countries providing wide geographic coverage. This allows Schroders to access clients in the traditional areas of the UK, Europe, US and Japan where the demand for asset management services is long established, and the fast-growing savings pools in the emerging and more recently developed economies in the Middle East, Asia Pacific and Latin America.