Asset Management

Schroders boss takes axe to costs with £150m savings target

Richard Oldfield says FTSE 100 group is ‘setting out a clear plan to return to profitable growth’

Schroders plans to stabilise revenues across public markets, target £20bn of new business across Schroders Capital and boost flows across its wealth management capabilities
Schroders plans to stabilise revenues across public markets, target £20bn of new business across Schroders Capital and boost flows across its wealth management capabilities Photo: Bloomberg via Getty Images

Schroders has set a £150m cost-savings target over the next two years as Richard Oldfield looks to boost earnings at the FTSE 100 fund management group.

The London-headquartered group has also outlined plans to stabilise revenue across public markets, target £20bn of new business across Schroders Capital and boost flows across its wealth management capabilities.

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