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flag Schroders Plc reports higher profits and assets, despite leadership changes and cost challenges.

flag Schroders Plc, a British asset management firm, announced higher profits and assets under management for fiscal 2024, leading to a 6% rise in its shares. flag The company set new three-year targets, including £150 million in annual cost savings and stabilizing revenues in Public Markets. flag Additionally, Deborah Waterhouse and Ian King are stepping down from their roles on the Board and as Senior Independent Director, respectively, effective May 1, 2025. flag Despite a 3% decrease in operating profit due to higher expenses, Schroders maintained its dividend and reported total AUM growth of 4% to £778.7 billion.

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