View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
October 28, 2008

Schroders sees profit growth slow dramatically

By Spear's

Profit growth slowed considerably at Schroders joint asset management and private banking divisions in the third quarter.

28.10.08

Profit growth slowed considerably at Schroders joint asset management and private banking divisions in the third quarter, but for the year to date showed almost 6 percent growth.

Total group profits for the year are down almost a quarter, and for the third quarter alone fell 20 percent to £78 million, from £98.1 million in Q307, led by losses in private equity.

Profit growth at Schroders Private Banking slowed in the third quarter, rising just under 3 percent to £11.6 million, from £11.3 million the previous year. Overall for the year, divisional profits reached £33.9 million, a 25 percent increase on 2007.

For further details visit thewealthnet

Content from our partners
Finding a purpose for family wealth during uncertainty 
Porto Montenegro: Adriatic Elegance Tailored to You
Family office gold rush in Hong Kong

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network