- September 1, 2010 - Schroders Bolsters Research Capabilities
Schroders, the UK-listed investment house, has appointed Mark Brandreth as co-head of research within its quantitative equity products global equities team.
In his new London-based role, Brandreth is responsible for researching new investment ideas and applying these into the investment process, the firm said in a statement. He also will work closely with Sydney-based co-head of research David Philpotts in ensuring communication and coordination of research functions within the team.
- August 5, 2010 - Private Banking Profits Fall At Schroders, But Group Results Up Strongly
Schroders, the private banking and investment firm, said today its profit before tax and exceptional items for the first six months of 2010 surged to £188. 2 million ($298 million) from £36. 3 million a year before, while funds under management rose to £164 billion from £148.
- July 7, 2010 - Schroders Picks SunGard’s Ambit For Centralised Risk Management
Schroders Private Banking has gone for SunGard’s Ambit Liquidity Risk Management and Ambit Asset Liability Management solutions to support its ability to meet the UK’s Financial Services Authority's stress testing regulations, as well as enhancing its instrument coverage and analysis capabilities.
The combined solution will be implemented in the bank’s service centre in Switzerland to support Schroders’ private banks in Switzerland, the UK, Guernsey and Singapore.
Schroders Private Banking decided to implement centralized risk management in Switzerland.
- June 23, 2010 - Schroders Buys 49 Per Cent Stake In London Fund Manager
A subsidiary of Schroders, the UK asset manager, has acquired a 49 per cent stake in RWC Partners, another London-based firm with $2. 2 billion of assets under management. Terms of the deal were not disclosed.
- June 11, 2010 - Schroders Adds Polish Zloty Share Class To Asian Funds
Schroders has launched new Polish zloty hedged share classes for two of its Asian funds, the Schroder ISF1 Asian Total Return and Schroder ISF Asian Convertible Bond, in response to expected currency strengthening against the dollar and the positive economic and political outlook for Poland.
Euro hedged and US dollar share classes are already available for the funds, and the addition of zloty classes is both a move to strengthen Schroders’ distribution network and an indication of its commitment to Poland, the firm said in a statement.
“Investors in Poland have become i.
- May 17, 2010 - Head Of European Equities At Schroders Leaves For JP Morgan
The head of European equities at
Schroders, Gary Clarke, has left the group and, according to media reports, is joining
JP Morgan.
Clarke, who was lead manager of the Schroder ISF EURO Equity and Schroder ISF European Equity Alpha funds, joins JP Morgan Asset Management’s London-based global equities team as co-head of global thematic and retail portfolios, according to MoneyMarketing.
Meanwhile, at Schroders the equity team has been reshuffled accordingly, with Martin Skanberg becoming manager of Schroder ISF EURO Equity and Jamie Lowry becoming manager of Schroder ISF E.
- May 11, 2010 - European Corporate Credit Remains Attractive - Schroders
Schroders, the London-listed investment manager, remains “relatively sanguine” about the outlook for European corporate bonds, despite fears that the eurozone will be dragged back into recession by the peripheral states, according to Adam Cordery, head of European and UK credit strategies.
While Cordery concedes that the recent credit downgrades of Greece, Portugal and Spain have clearly been destabilising for markets and have hit investors’ risk appetite, he is of the view that fears over contagion risks may be overblown.
“We believe it is worth remembering that things do .
- May 7, 2010 - Pre-Tax Profits Slide At Schroders Private Banking, Record Asset Management Inflows
Schroders has posted first quarter net revenue from private banking of £24. 3 million, falling from £26. 4 million from the same period a year before, largely as a result of lower interest income.
- March 5, 2010 - Schroders Overhauls Board, Committees
Schroders, the London-listed investment firm which this week reported that profits at its private banking arm slid by almost half in 2009, has announced a series of changes to its board and board committees.
Sir Peter Job, currently the senior independent director and chairman of the remuneration committee, is to retire from the board at the conclusion of the firm’s annual general meeting on 6 May.
Andrew Beeson, who is currently chairman of the audit committee and a member of the remuneration committee, will succeed Sir Peter in both the roles he is relinquishing.
- March 4, 2010 - Private Banking Profits Drop At Schroders
Profits at the private banking arm of Schroders, the London-listed firm, slid by almost half to £20. 1 million (around $30. 3 million) in 2009 from £39.
