Schroders’ esteemed CEO, Peter Harrison, has announced his decision to retire next year, marking the end of an era for one of the FTSE 100’s most respected financial leaders. Harrison’s departure will conclude his eight-year tenure at the helm of the 220-year-old institution, which boasts £750 billion in assets under its management.
The company has already commenced a thorough and extensive search for Harrison’s successor, recognizing the critical need for a seamless transition. Executive search experts have been engaged to assist in identifying a new leader who can navigate the ever-evolving landscape of investment management.
Reflecting on his time at Schroders, Harrison expressed his deep attachment to the firm and its employees. He emphasized the importance of ensuring a transparent and collaborative succession process, highlighting his commitment to a smooth handover to his successor.
Harrison’s career at Schroders began as a graduate in 1988. After gaining valuable experience at investment giant JP Morgan and Deutsche Asset Management, he returned to Schroders in 2013, ascending to the role of group chief executive in 2016.
Schroders’ chairwoman, Elizabeth Corley, lauded Harrison’s remarkable contributions during his tenure. She highlighted the company’s transformation into a global and diversified active investor across various markets, including becoming a leader in UK wealth management. The doubling of assets under management to over £750 billion was also attributed to Harrison’s leadership.
Corley praised Harrison’s decision to announce his retirement in advance, acknowledging his unwavering dedication to Schroders and its clients. This proactive approach, she noted, would facilitate an orderly transition and ensure the company’s continued success in the years to come.
