Schroders plc, one of Europe’s leading asset managers, has announced that its CEO, Peter Harrison, intends to retire next year after a decade on its board.
The firm, headquartered in London, has initiated a search for his successor and anticipates an orderly transition throughout 2025. Harrison will remain a director of the company during this period.
Under Harrison’s leadership, Schroders has evolved into a global, diversified active investor in both public and private markets, with its assets under management more than doubling to 750 billion British pounds (approximately 878 billion euros).
“Peter is a visionary in the asset management industry who has driven the implementation of our successful growth strategy, with his exemplary leadership team,” said Elizabeth Corley, Chair of Schroders plc, in a statement.
Peter’s decision to announce his planned retirement in such a transparent and collaborative manner is testament to his dedication to the business and our clients, and allows the Board to ensure an orderly process to appoint a new CEO.”
Harrison, who took on the role of CEO in 2016, believes now is the appropriate time to begin the search for a successor. “I remain fully committed to the business until my successor is appointed and will continue to work tirelessly to advance our strategic growth agenda, in partnership with the excellent management team that we have in place,” he stated.
Before joining Schroders, Harrison was chairman and CEO of investment boutique RWC Partners. He began his career at Schroders in 1988, later joining JP Morgan, and served as Group Chief Investment Officer of Deutsche Asset Management (now DWS).