Schroders

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Schroders plc

Type	Public (LSE: SDR)
Founded	1804
Headquarters	London, England, UK
Key people	Michael Miles, Chairman Michael Dobson, CEO
Industry	Investment management
Revenue	£1,192 million (2007)
Operating income	£348 million (2007)
Net income	£304 million (2007)
Website	www.schroders.com

Schroders plc is a leading global, asset management company, with over two hundred years of experience in the world's financial markets. 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 Schroder family.

1 History
2 Current operations
3 Talking Point
4 Notable current and former employees
5 References
6 Further reading
7 External links

[edit] 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 and was to grow dramatically under Winfried Bischoff. All of Schroders was worth £30 Million when he took over as CEO in 1984. In 2000 the company sold the 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.^[1]

[edit] Current operations

Its clients include corporations, insurance companies, local and public authorities, charities, pension funds, high net worth individuals and retail investors. Schroders operates in twenty six countries, through 35 offices, 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.

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.

[edit] 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.