Schroders' new CEO shakes up top team after bruising year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2024
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Source: Reuters
Management Restructuring: Schroders' new CEO Richard Oldfield has significantly reduced the executive team from 23 to 9 members in an effort to improve performance following disappointing earnings and client exits.
Market Challenges: The company faces challenges including a 30% drop in shares year-to-date, exacerbated by competition from low-cost funds and inflationary pressures, highlighted by a recent trading update showing significant client fund outflows.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
