Timeline: Schroders in New York
2020s
2023
We host our centennial anniversary celebration in New York.
2022
We complete the acquisition of a majority stake in Greencoat Capital, a specialist manager dedicated to the renewable energy infrastructure sector.
2021
We launch Schroders Capital, uniting our specialist private assets investment capabilities, part of our ongoing commitment to delivering innovative solutions to our clients.
2020
We sign a flexible working charter, reflecting our commitment to creating a supportive and inclusive work environment.
2010s
2019:
We acquire a majority stake in leading impact investor BlueOrchard further accelerating our growth in private assets and impact investing in emerging markets.
2017:
We acquire a private equity business Adveq, now a key part of our Schroders Capital private asset offering.
We move our North American headquarters to a new modern working environment in midtown Manhattan in Bryant Park, reflecting our continued focus on long-term growth in the US and Canadian markets.
2016:
Our strategic relationship with Hartford Funds begins, significantly enhancing our distribution capabilities. Hartford adopt ten of our US mutual funds on to their platform. Within five years our partnership grows from $3bn in AUM to over $15bn.
In the same year we acquire the securitized products investment management team of Brookfield Investment Management.
2013:
We acquire STW Fixed Income, a California-based institutional fixed income asset manager who relocate their portfolio managers and many team members to New York. More than 100 clients with over $11bn AUM transition to Schroders.
2000s
2008:
Schroders establishes a long-term partnership with Read Alliance, a local charity that accelerates the educational journey of elementary students.
2001:
In 2001, Schroders was located at 875 Third Avenue.
2000:
Schroders decides to concentrate solely on asset management. The investment banking division is sold to Salomon Smith Barney, part of Citigroup.
1980s
1986:
We buy a 50% stake in Wertheim & Co., a New York investment bank and asset manager. Full buyout was completed in 1994 and in 1997 the firm was renamed Schroder & Co. Inc.
1970s
1979:
Schroders enters the US pension fund market, helping clients create internationally diversified portfolios.
1960s
1968:
The Schroder Trust Company’s activities expand into institutional investment management with the purchase of Naess & Thomas. Schroder, Naess & Thomas was later renamed Schroder Capital Management.
1950s
1959:
When Schroders Limited lists in London our US operations account for 73% of total net asset value globally. The shares are 18 times oversubscribed.
1950:
We provide financial services for the dollar deposits of 23 central banks from Europe, Asia and Latin America.
1940s
1947:
The post-war expansion of international trade and primacy of the dollar creates demand for the kind of international banking services that the J. Henry Schroder Banking Corporation, with its decades of experience and exceptional overseas contacts, is well placed to meet.
1941:
When America enters the second world war, Schroders is quick to encourage investment in US defense bonds. Many of our people serve in the armed forces, including as Financial Advisors in occupied Italy and Japan.
1930s
1936:
In 1936 we set up a new firm in partnership with Avery Rockefeller to carry out investment banking, underwriting, issuing, and securities activities. Schroder Rockefeller goes on to specialise in venture capital, helping to finance American businesses working in everything from aviation and retail to electronics and data processing.
1920s
1929:
In the summer of 1929 our treasurer, and later chief executive, Gerald Beal takes a large put option on bank shares as a precaution against a downturn in the market. This turns out to be a good move!
The Schroder Trust Company launches to provide checking accounts, trusteeships and investment accounts for individuals.
1924:
We begin our journey in asset management with the launch of the Continental Securities Corporation, investing in European securities. In 1927 it opens to public subscription.
1923:
Our first president is Prentiss Gray (1884-1935). He has a background in the international grain trade, and war time service with future US president Herbert Hoover’s Commission for Relief in Belgium, an organization supplying and distributing food to the civilian population then under German army occupation.
On 26 October 1923 the J. Henry Schroder Banking Corporation opens for business in a ‘loft’ at 25 South William Street. The new firm is owned by the partners of J. Henry Schröder & Co., a London merchant bank that dates its foundation to 1804.