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Schroders’ wealth management division was a standout performer in 2023, with assets under management reaching a record high of £110.2bn

Asset Management Correspondent

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Schroders, the FTSE 100 listed fund group, posted a 17% drop in pre-tax profit last year as a result of “headwinds in the markets”, but positive flows helped to boost total assets under management.

Schroders sees assets grow to £750bn, despite drop in profit

Schroders assets grow to £750bn, despite drop in profit

David Ricketts

Schroders

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Business

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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Some firm leaders have shrugged off deals as unenforceable, while at least one has taken on trade work for the administration with no fanfare.

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The bank’s economists had predicted tariffs could cause inflation and slow economic growth.

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A 23-year-old former OpenAI researcher quickly amassed more than $1.5 billion for a firm he called a “brain trust on AI.” 

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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A pair of executive orders President Trump signed Thursday show how he is beginning to reshape the world of banking and finance.

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The U.K. central bank lowered its key rate for the fifth time in a year as it seeks to balance a pickup in inflation against a cooling jobs market.

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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The bank’s quarterly net result declined but revenue rose 13% compared with a year ago, and it reaffirmed its capital returns plans.

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A weekly call turned into a celebration of heroes as staffers comfort one another through lingering trauma.

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The president recounted his experiences when asked about an executive order the White House is preparing.

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Gold prices are climbing as the threat of a U.S. economic slowdown becomes increasingly real.

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The president is expected to sign an executive order as soon as this week that targets what is called debanking of businesses including crypto companies.

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Some fear a decline in the world-leading economic statistics underpinning U.S. markets.

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Big stock awards have grown much bigger for the chief executives of Palantir and Broadcom, driven by dramatic market gains and, in some cases, complex multipliers.

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The U.K. Supreme Court said a commission from a bank to a car dealer isn’t considered a bribe and dealers don’t violate rules by not disclosing this commission to customers.

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Demand is up for private aviation, the luxury that separates the 1% from the 0.1%.

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The largest U.S. crypto exchange’s revenue fell short of Wall Street expectations.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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Microsoft joined Nvidia in the $4 trillion market-cap club, while Meta is closing in on the $2 trillion mark.

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The New York investment firm posted a profit of $472.4 million, compared with $667.9 million a year earlier.

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America’s most powerful banker and the president have met twice in the past two months to talk about the economy, interest rates and trade.

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The London-based bank said it is well on its way to achieving the target of returning at least $8 billion to shareholders over the three years ending in 2026.

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Individual investors are trading with abandon, driving up prices of everything from stocks to crypto—and turbocharging the brokerage business.

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U.S. stock futures and European indexes gained, while the dollar strengthened against the euro, after President Trump announced the trade agreement Sunday.

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x5cBwdmH95fVGyHDOaJvEGBzi1z+Jyu415bSHzYpxDdqpWJcKHeiVwF+0vy/znF/eGfFnJGQcpZhcCX12u7U9992FnJUtO30iGH1yJxSwc1n0UECHttODGCf+yxWWGjq8lVpXk95rdwaM6zx/x7fot9D9LC/3xmVYK0h67YfjesJt1IKKaT3XBENmk9GQ5rXLVOKzv1VuD45ORtfBmFY0XX2exG+RyKf3hx5mg6DDzA+0KOM2offzM0Ddj1l3QFSuCoR3lBQoQpC6RifUV4qyoewhZY4M1oHXpkwwWqI+gGQKlMMkh19bQkJmijRKfIRSkZZzxl9A/fMYrnZTUNe0/vRZcCWtGafuEqn5bcBP9DESC+omOxyAYF+Tph6QsGi9qogPEQ0Au95vj9qnKn2r49LzRBzC19H3PeqkON7dSEnroue7liLfXV5PJGD/LWk2C+lYI/ElzOBaVHCIfkc1wPZHVwJQvAnw3vsIGCTu4shYdpFJhmSXe/B+xr25jpaeHOZatUpZ80uKvWcTFviJSi89BWgXgdzPrbj22VGp/UqyhkTqfAJycS+vp2hjGFgtW+Y4Cih/EeP0r1MClqjY8SK9Oy9ii9YIeJ+p+P4SuAdd00mLIcuIv3FouUOfprLnX/wYfh/k3O0b+ynS+lABXUFCEczzlN6fgtLomN0vya2HD6F3u4AVSfgymks9x9YhRTBtP5j6uI=

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