News releases

Schroders launches global in-residence programme for tech start-ups

26/03/2018

Schroders is today announcing the launch of its global in-residence programme for tech start-ups.

The Cobalt programme has been designed to help financial services-focused start-ups collaborate with Schroders to support their development.

Schroders is specifically targeting tech companies which have progressed beyond the conceptual or early-growth stage that offer solutions relevant to investment management.

Selected firms will benefit from direct access to appropriate business divisions within Schroders, resources and potential investment. Applications are now open for the Cobalt programme.   

Peter Harrison, Group Chief Executive at Schroders, commented:

“Innovation is part of Schroders’ DNA. It has enabled us to evolve and grow our business for more than 200 years.

“The Cobalt programme demonstrates that we are a natural home for fintech start-ups and gives us direct access to a pipeline of innovators enabling us to harness tomorrow’s technology to better tackle today’s investment and industry challenges.”

The start-ups will be assessed against a criteria which will look to ensure they are closely aligned with Schroders’ business priorities and culture, as well as identify innovative solutions which will deliver tangible benefits within 12 months.  

A bespoke arrangement will be agreed between Schroders and participating start-ups, which will base themselves within Schroders, detailing the length and respective terms of the collaboration.

Graham Kellen, Chief Digital Officer, Schroders, commented:  

 “By collaborating with ground-breaking tech start-ups we can tackle legacy technology issues with problem-solving innovation for the benefit of our clients and our own productivity.

“In turn, the start-ups we choose to work with will also profit from our industry expertise and resources to fast-track their development. The Cobalt programme is our answer to how best to collaborate with tech start-ups.”

To find out more about the Cobalt programme please click here.

 

For further information, please contact:

Schroders

Estelle Bibby, Senior PR Manager               Tel: +44 (0)207 658 3431/estelle.bibby@schroders.com

Andy Pearce, Institutional PR Manager      Tel: +44 (0)207 658 2203/andy.pearce@schroders.com

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Schroders plc

As a global investment manager, we help institutions, intermediaries and individuals meet their goals, fulfil their ambitions, and prepare for the future. But as the world changes, so do our clients’ needs. That’s why we have a long history of adapting to suit the times and keeping our focus on what matters most to our clients.

Doing this takes experience and expertise. We bring together people and data to spot the trends that will shape the future. This provides a unique perspective which allows us to always invest with conviction. We are responsible for £447.0 billion (€503.6 billion/$604.7 billion)* of assets for our clients who trust us to deliver sustainable returns. We remain determined to build future prosperity for them, and for all of society. Today, we have 4,600 people across six continents who focus on doing just this.

We are a global business that’s managed locally. This allows us to always keep our clients’ needs at the heart of everything we do. For over 200 years and more than seven generations we’ve grown and developed our expertise in tandem with our clients’ needs and interests.

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*as at 31 December 2017