Schroders is a global asset management company.

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Schroders in new record

Thumbs Up At Desk

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.


Bank of America, BarCap, Enron, HSBC, Schroders

Bank of America is said to be close to settling an investigation into alleged money laundering through New York. According to Manhattan District Attorney Robert Morgenthau, around $2bn was moved through New York branches of the Bank from South Africa. Prosecutors are thought to be close to finalising a deal, which may cost the bank up to $25m.

The Latest On Hiring And Promotions

Deutsche Bank has just hired four senior sales and trading staff into its New York high-yield group from rivals Goldman Sachs, Merrill Lynch and Morgan Stanley, as part of what the bank has described as a 'further expansion of its credit continuum'. Right!

Now hiring - not

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.

Schroders to Acquire STW Fixed Income Management

Schroders has announced that it has reached agreement for its subsidiary Schroder U.S. Holdings Inc. to acquire 100% of the share capital of STW Fixed Income Management LLC (STW), a value-orientated, US investment-grade fixed income manager.


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.