Schroders plc said today that after a decade on the board, CEO Peter Harrison will retire next year. He will remain a director of the company throughout the transition period until his successor has been found, according to a statement released by Schroders.
“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 ($935bn),” said Elizabeth Corley, chair of Schroders plc.
Harrison (pictured) moved to Schroders in March 2013 and became group chief executive in April 2016. Prior to that role, he was global head of investment.
Before joining Schroders, Harrison was chairman and CEO of investment boutique RWC Partners. He began his career at Schroders in 1988, and later spent some time at JP Morgan, and as group chief investment officer of Deutsche Asset Management (now DWS).
“Having started my career as a graduate at Schroders, it has been an immense privilege to be CEO. I care about the firm and our 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,” said Harrison.
“Growth, and a clear focus on investment outperformance for our clients will remain our top priority,” he added.
Harrison is also a member of the UK Treasury’s Asset Management Taskforce and the Capital Markets Industry Taskforce. He was previously chair and is currently a director of the Investment Association.
In addition, Harrison 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.
