Schroders' assets under management increased to £750.6bn in 2023, while pretax profit fell 17% to £487.6m.
Schroders, UK's largest standalone asset manager, reported an increase in assets under management to £750.6bn in 2023, up from £737.5bn in 2022. However, the firm's pretax profit fell 17% to £487.6m due to volatile markets, currency moves, and geopolitical uncertainty. Despite the profit dip, the company experienced notable growth in assets under management and positive net new business, with assets rising by £13bn.
February 29, 2024
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