Schroders posts 'resilient performance' despite profits suffering from 'market headwinds'

AUM up 2%

Schroders has reported hits to both its net operating revenue and operating profits for 2023, due to “headwinds” in the market.

In the firm's results for the year ended 31 December 2023 published today (29 February), it posted £2.33bn net operating revenue - down from £2.36bn in 2022 - and £661m in operating profit, a decrease from £723m a year prior. Hargreaves Lansdown adds Schroder Income fund to Wealth Shortlist At the same time, net new business significantly increased over the year, to £9.7bn from -£1.6bn at the end of 2022, and assets under management continued increasing from £737.5bn as of 31 December 2022 to £750.6bn at the end of 2023 - a 2% rise. Group CEO Peter Harrison commended the company's ...