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On Tuesday, Schroders (LSE:SDR) announced the appointment of Richard Oldfield as the new Group Chief Executive, effective from November 8, subject to regulatory approval.
Oldfield will succeed Peter Harrison, who has served as CEO since 2016. With a distinguished 30-year career at PwC, Oldfield brings substantial experience to the role. During his tenure at PwC, he held senior positions such as network vice-chairman and global markets leader. His responsibilities included developing profitable client-facing teams and addressing complex global business challenges.
Since joining Schroders as Chief Financial Officer, Oldfield has significantly influenced the company, particularly in capital management and business discipline. He played a pivotal role in introducing several key initiatives, including the firm's first bond issuance earlier this year.
Peter Harrison, the outgoing CEO, expressed pride in his time with Schroders and highlighted Oldfield’s impactful contributions. Harrison remarked, “Schroders will always be central to my life, having started my career as a graduate here. I am so proud of what we have achieved and have a huge affinity for the wonderful people who work at the firm.”
He further commented on Oldfield’s appointment, stating, “When we recruited Richard, I was impressed by his broad experience in running and growing businesses and his client-centric approach. He has brought fresh insights during his first year, and I am confident he will continue to propel the business forward.”
At 0811 BST, shares in Schroders were down slightly by 0.12% to 337p.
