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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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.

Boardroom Table

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.

Deutsche, Goldman, JP Morgan, Merrill, Schroders, UBS

Deutsche chairman Rolf Breuer will step down in May, 2 years before his contract with the bank is up. Breuer, 68, is fighting a claim that comments he made during a Bloomberg TV interview in 2002 hastened the demise of failed media group Kirch. Deutsche is also in the dock over this interview, as the banker was speaking as a senior bank executive. The Deutsche chairman will be succeeded by finance boss Clemens Boersig.

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Boardroom Table

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.