Schroders' Stoakley: All-encompassing charges are right for the industry

Cazenove MM range 'was key area to capture'

Schroders' Robin Stoakley tells Anna Fedorova how the group is responding to a challenging period for active managers, and how it coped with the high-profile departure of UK Opportunities manager Julie Dean.

Schroders’ £424m acquisition of Cazenove Capital Management in 2013 transformed its private banking business but was also another demonstration of the asset manager’s long-standing commitment to active investing. The deal brought valuable additions to Schroders’ fund range, including the top-performing UK Opportunities fund run by Julie Dean and Matt Hudson, as well as the multi-manager proposition managed by Marcus Brookes. Head of UK intermediary Robin Stoakley, now in his 26th year at Schroders, said the multi-manager range was “the single most important area to capture” through th...