TEMPUS

Steady as she goes for City blue blood

Pre-tax profits at Schroders, 8 per cent higher than this time last year, were better than expected
Pre-tax profits at Schroders, 8 per cent higher than this time last year, were better than expected
PHILIP TOSCANO/PRESS ASSOCIATION

One of the pleasures in talking to seasoned fund managers is that they started answering your questions 25 years ago and the best ones can think 25 years into the future for their long-term investment positions and strategies.

Schroders is about as seasoned as it gets. The group, renowned as probably the most venerable and blue-blooded of the City’s investment institutions, was effectively founded in 1804 when two brothers, John Henry and John Frederick Schroder, began working together at the same London firm.

John Henry’s great-great-grandson, Bruno Schroder, continues to be a member of the board as an independent director, along with his nephew Philip Mallinckrodt, and the Schroder family owns 47.5 per cent of the group.

Schroders manages money for professional and individual customers