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Schroders plc today announced that after a decade on the Board, Peter Harrison has signaled his intention to retire as Group Chief Executive Officer (CEO) next year.
Now he will begin a thorough and extensive search for his successor. The Board envisages a smooth transition during 2025 and Peter Harrison will remain as a director of the company throughout this period.
Peter Harrison, Group Chief Executive, said:
“Having started my career as a graduate at Schroders, it has been a huge privilege to be CEO. I care deeply about our company and our people. I believe 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 advance our strategic growth agenda, in partnership with the outstanding management team we have in place. Growth and a clear focus on outperforming investments for our clients will remain our top priority.”
Peter Harrison joined Schroders in March 2013 and became Group CEO in April 2016. Prior to his current role, he was Global Head of Investment.
Prior to joining Schroders, Peter Harrison was Chairman and CEO of investment boutique RWC Partners. He started his career at Schroders in 1988, and later spent time at JP Morgan and as Group Chief Investment Officer at Deutsche Asset Management (now DWS).
Mr Harrison is a member of the UK Treasury’s Asset Management Task Force and the Capital Markets Industry Task Force. He was previously President and is currently a Director of the Investment Association. He sits on the Advisory Board of venture capital firm Antler and is a director of FCLT Global. He is the Chair of Business in the Community, the King’s responsible business charity.