Schroders plc
 |
|
| Public | |
| Traded as | : / : |
| Industry | Investment management |
| Founded | 1804 |
| Headquarters | London, United Kingdom |
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Key people
|
Michael Dobson, Chairman Peter Harrison, CEO |
| Revenue | £2,144.9 million (2016) |
| £644.7 million (2016) | |
| £490.2 million (2016) | |
|
Number of employees
|
4,100 (2016) |
| Website | www.schroders.com |
Schroders plc is a British multinational asset management company, founded in 1804. The company employs over 4,100 people worldwide across 37 offices in 27 different countries around Europe, America, Asia, Africa and the Middle East. Headquartered in the City of London, it is traded on the and is a constituent of the FTSE 100 Index. Schroders has two share classes: voting shares (SDR.L) and non-voting shares (SDRC.L).
Schroders bears the name of the Schröder family, a prominent Hanseatic family of Hamburg with branches in other countries.
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). In 1818 J. Henry Schröder & Co. was established in London.
Key events in the development of the business include the establishment of J Henry Schroder Banking Corporation ('Schrobanco') as a commercial bank in New York in 1923, the public offering of the shares in J. Henry Schroder & Co. Ltd on the in 1959 and the acquisition of Helbert, Wagg & Co, a leading issuing house, in 1962.
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.
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. Schroders was worth £30 million when he took over as CEO in 1984: yet in 2000 the company sold its investment banking division to Citigroup for £1.3 billion. Citigroup's European investment banking arm traded as Schroder Salomon Smith Barney from 2000 to 2003.
In 2013, Schroders purchased the capital management arm of in a deal worth 424m.
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Wikipedia