Schroders announces cost cuts as focus shifts to wealth and alts

Schroders aims to cut annualised costs by £150m (CHF 171.4m) by the end of 2027, in a bid to reverse the fortunes of the under pressure asset management group.

The firm is doubling down its efforts in higher margin areas such as wealth management and private markets. It will also be launching European active ETFs later in the year and attempting to stabilise revenue in its public markets unit. 

In public markets, Schroders will now focus on only nine strategies, which account for 85% of its revenue in this division.