Schroders has so far enjoyed the effects of its strategic rebalancing, with the company delivering overall net new business of £5.7bn in the first half of 2023.
In its half-year report published today (27 July), CEO Peter Harrison said the net new business was due to the group's shift towards higher growth and increased longevity areas, such as its wealth management, private assets and solutions businesses. The firm's wealth management business attracted £3.7bn net inflows from clients, while its solutions unit ended the six months with net inflows of £6.3bn, after recovering from the gilt crisis in the second half of 2022. Schroders' private assets division collected £1.8bn in net inflows and generated gross fundraising of £5.3bn in the firs...
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