Company Overview
Highlights
Primarily an asset management firm after selling its investment banking unit to Salomon Smith Barney (now Citigroup Global Markets) in 2000.
The Schroders issued £3 million to the Confederate States of America, the only foreign funding received by either side during the American Civil War.
Schroders is a worldwide asset management firm with major offices in London, New York, and Zurich. As of summer 2006, it had £122 billion worth of assets under management, primarily serving corporations, insurance companies, local and public authorities, charities, pension funds, high net worth individuals and retail investors. Johann Heinrich Schroder established the firm in 1818 in Great Britain after he left a partnership with his brother in another company. Over the course of the company's existence, members of the Schroder family have received German baronies and British knighthoods for their good deeds and good business sense. The company's history is long, but it has only existed under the name Schroders since 1997. The name was changed shortly after the company acquired Wertheim & Co., a leading New York investment bank and securities firm. Schroders sold off its investment banking operations in 2000, paring down to focus primarily on its asset management services. The Schroder family still controls the firm.