Schroders Names Richard Oldfield as New CEO, Succeeding Peter Harrison

Oldfield to Lead the Global Asset Management Firm Through its Next Phase of Growth and Innovation

Schroders, the global asset management giant, has announced the appointment of Richard Oldfield as its new Chief Executive Officer, succeeding Peter Harrison. The news was confirmed through a stock exchange filing on September 10, marking a significant leadership transition for the firm.

Harrison, who has held the CEO position since 2016, previously announced his plans to retire in April, setting the stage for a thorough internal and external search for his replacement. Under his leadership, Schroders experienced unprecedented growth, more than doubling its assets under management (AUM) to exceed $1 trillion. Harrison’s tenure has been defined by strategic initiatives, a focus on client success, and transformative business decisions that positioned Schroders as a leader in the global asset management industry.

Oldfield, who currently serves as Schroders’ Chief Financial Officer, will officially step into his new role following Harrison’s departure. Having joined the firm in October after a distinguished 30-year career at PwC, Oldfield quickly became a pivotal figure within Schroders, contributing to landmark projects such as the company’s first bond issuance and innovative capital management strategies. His ability to bring a fresh perspective to Schroders’ financial operations has been lauded by colleagues and executives alike.

Dame Elizabeth Corley, Chair of Schroders, expressed her enthusiasm for Oldfield’s appointment, praising his global outlook, strategic acumen, and proven track record in client-focused leadership. “Richard has demonstrated exceptional leadership qualities and a deep understanding of our business. His vision aligns perfectly with Schroders’ long-term goals, and the board unanimously supports his appointment,” said Corley. She also acknowledged Harrison’s invaluable contributions, stating, “Peter’s leadership has been transformational. We are immensely grateful for his service and proud of the legacy he leaves behind.”

Oldfield, reflecting on his new role, expressed excitement and gratitude for the opportunity to lead Schroders. “It is an honor to be selected as the next CEO of such a respected institution. Schroders’ long-term approach, commitment to innovation, and dedication to clients’ success resonate deeply with me. I look forward to working closely with our teams to navigate the challenges ahead and to drive growth, ensuring we remain at the forefront of the global asset management industry.”

As Harrison prepares to step down, he leaves behind a legacy of remarkable accomplishments. Reflecting on his tenure, Harrison shared, “Schroders has been an integral part of my professional life, and I am incredibly proud of what we have achieved. I am confident that Richard will continue to drive the firm’s success and deliver for our clients.”

With Oldfield at the helm, Schroders is poised to continue its trajectory of growth, leveraging his strategic vision and expertise to navigate an evolving financial landscape. His leadership promises to usher in a new era of innovation, client focus, and global expansion for the company.

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