Schroders today announces a new Group Executive Committee (ExCo), focused on executing the Group’s business strategy and accelerating the transition to growth.
It comes as Richard Oldfield officially becomes Group Chief Executive, succeeding Peter Harrison who has led the business over the last eight years.
Demonstrating the strength and depth of Schroders’ talent, eight of the ExCo roles have been filled by existing internal executives.
Also joining the firm and the ExCo, as Group Head of Strategy and Investor Engagement, will be Ed Houghton. Ed will formally join Schroders in mid-January 2025, having most recently been Group Strategy and Investor Relations Director at Legal & General (L&G).
Ed has been responsible for developing and articulating the Group’s strategy with the Board and Executive, and for investor relations, joining L&G in 2019.
Ed was previously Managing Director and Senior Research Analyst at Bernstein for eight years, covering European Insurers and Asset Managers. Prior to that, he has worked at Aviva and Accenture.
The newly-formed Schroders ExCo consists of:
- Richard Oldfield, Group Chief Executive
- Meagen Burnett, Chief Financial Officer
- Mary-Anne Daly, CEO for Wealth Management
- Johanna Kyrklund, Group Chief Investment Officer and CEO for Public Markets (equities, fixed income, multi-asset and solutions)
- Georg Wunderlin, CEO for Schroders Capital
- Ed Houghton, Group Head of Strategy and Investor Engagement
- Karine Szenberg, Global Head of Client Group
- Sonia Jenkins, Chief People Officer
- Neil Tomlinson, Group General Counsel
Richard Oldfield, Group Chief Executive, Schroders, said:
“My objective from here, together with the ExCo, is to proceed at pace and with clear accountability to move the business forward. We have already made a start on identifying our key priorities. With that in mind, I am very excited that Ed will be joining us next year to drive our strategy and investor engagement; he brings exceptional experience and underlines how we are committed to having exceptional talent at the firm.
“As well as spending time with my new team, I’m also looking forward to meeting clients, shareholders and other market participants in the coming weeks. One of the first things I will be asking the new ExCo to build with even more rigour is a very clear understanding of where within our business we can accelerate our transition to growth. Once we have established this, you can expect us to act decisively to deliver for clients, scale profitably and grow at pace.”
For further information, please contact:
Andy Pearce, Head of Media Relations | +44 20 7658 2203 | |
Julie Foster, Global Head of Corporate Communications | +44 207 658 4953 |
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Schroders plc
Schroders is a global investment manager which provides active asset management, wealth management and investment solutions, with £773.7 billion (€912.6 billion; $978.1 billion) of assets under management at 30 June 2024. As a UK listed FTSE100 company, Schroders has a market capitalisation of circa £6 billion and over 6,000 employees across 38 locations. Established in 1804, Schroders remains true to its roots as a family-founded business. The Schroder family continues to be a significant shareholder, holding approximately 44% of the issued share capital.
Schroders' success can be attributed to its diversified business model, spanning different asset classes, client types and geographies. The company offers innovative products and solutions through four core business divisions: Public Markets, Solutions, Wealth Management, and Schroders Capital, which focuses on private markets, including private equity, renewable infrastructure investing, private debt & credit alternatives, and real estate.
Schroders aims to provide excellent investment performance to clients through active management. This means directing capital towards resilient businesses with sustainable business models, consistently with the investment goals of its clients. Schroders serves a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.
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