Schroders appoints new group chief executive

Written by Michael Griffiths

10/09/2024

Schroders has appointed Richard Oldfield as its new group chief executive, subject to regulatory approval.

Oldfield will succeed Peter Harrison with effect from 8 November 2024.

In his 30 years at PwC, Richard Oldfield senior roles including network vice chairman and global markets leader.

Since joining Schroders as chief financial officer, Oldfield has helped to drive new initiatives such as the inaugural bond issue earlier this year and embedding commercial discipline across the group.

"I am honoured to be chosen as the next group chief executive for Schroders,” Oldfield said. “Since joining, I've seen what a great company Schroders is. We are known for our long-term focus, meeting the needs of our clients, and for delivering excellent investment performance.

“I know that despite industry challenges, we have the capabilities and people to seize the right opportunities to grow our business and be a leading creator of wealth, globally. I cannot wait to get started.”

The outgoing group chief executive, Peter Harrison, added: “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.

“When we recruited Richard, I was impressed by his broad experience of running and growing businesses and his client centric approach. He has brought fresh insights during his first year and I am confident that he will continue to propel the business forward.”

Related Articles