Group CEO of Schroders Peter Harrison (pictured) has confirmed that he will retire from the role next year, with an “orderly transition” set to take place during 2025, according to the firm.
A search for Harrison’s successor has been launched by Schroders, during which time Harrison will remain a director on the company’s board.
Peter Harrison joined Schroders in March 2013 as global head of investment. He became group chief executive in April 2016. Prior to his time at Schroders, Harrison was chair and CEO of RWC Partners, and also worked at JP Morgan and Deutsche Asset Management (now DWS). He began his investment career at Schroders in 1988, returning to the firm some 25 years later.
Elizabeth Corley, chair of Schroders, said: “The board recognises that in Peter, Schroders has had an outstanding CEO over the past eight years. During his tenure, the business has undergone a remarkable transformation to become a global, diversified active investor across both public and private markets, as well as a leader in UK wealth management, more than doubling assets under management to over £750bn.
“Peter is a visionary in the asset management industry who has driven the implementation of our successful growth strategy, with his exemplary leadership team.”
She added: “Peter’s decision to announce his planned retirement in such a transparent and collaborative way is testament to his loyalty to the business and our clients, and allows the Board to ensure an orderly process to appoint a new CEO. I enjoy working with Peter immensely. He has served Schroders exceptionally well over the last decade.”
Peter Harrison said it has been an “immense privilege” to work as Schroders’ CEO, adding that he “care[s] about the firm and [its]people deeply.
“I believe that now is the right time for the board to begin the search for my successor and to do so transparently with our stakeholders. I remain fully committed to the business until my successor is found and will continue to work tirelessly to drive forward our strategic growth agenda, in partnership with the excellent management team that we have in place.
“Growth, and a clear focus on investment outperformance for our clients will remain our top priority.”
