Schroders

Schroders is a global asset management company.

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Schroders in new record

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Fund manager Schroders said its assets under management rose to a record $452.5bn in the first quarter of 2014 after it took in new money across a range of products.

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People News: BofA Merill Lynch, Schroders

Bank of America Merrill Lynch has appointed Philippe Chryssicopoulos as its head of power, utilities and renewables investment banking for Europe, Middle East and Africa, according to a memo seen by Reuters.

The Top 10 UK Retail Fund Managers

The City witnessed raw shareholder power last week. Fidelity fund manager Antony Bolton, acting on behalf of a group of shareholders, managed to block the appointment of Carlton boss Michael Green as chairman designate of ITV Plc, the new company which will come out of the merger between Carlton and Granada.

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Why Schroders' reshuffle looks like a triumph of chumminess

Well played, Michael Dobson, that was a terrific 14-year innings as chief executive of fund manager Schroders, one of the few grand old City names to flourish in the modern world. A loss-making company in 2001 now makes profits of £600m. Take a bow, have a party and enjoy your retirement.

BofA, CIBC, Deutsche, Citigroup, Commerzbank, Schroders

Financial News Reports that Bank of America plans to grow the profits it makes out of its corporate and investment banking activities by nearly half in the next five years. The bank wants to get another $10bn in revenues and $3bn in profits out of the unit by 2011.

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Schroders said to make changes at board level

Schroders is preparing to refresh its board with two new non-executives this year as part of an olive branch to investors concerned about the unorthodox decision to appoint the wealth firm’s long-standing chief executive Michael Dobson as chairman.