Schroders manages over £300bn on behalf of institutional and retail investors, financial institutions and high-net-worth clients from around the world, invested in a broad range of active strategies across equities, fixed-income, multi-asset, alternatives and real estate. The firm employs more than 3,500 people worldwide, operating from 37 offices in 27 countries.
Schroders' asset management net revenue rose six per cent to £306.2m during the first quarter of 2014, including £6.3m in performance fees. Net revenue in its wealth management business has risen 90 per cent to £50.3m, reflecting its acquisition of Cazenove Capital.
The acquisition, completed in July 2013, brings a new fund range under the Schroders banner in 2014; however, the group plans to continue using the Cazenove brand within its private banking unit.
The private banking business offers deposit-taking, cash management, custody and execution services, advisory and discretionary asset management and specialised lending to high-net-worth individuals, family offices and their advisers.