UK asset manager Schroders has started its search for a new chief executive after announcing that Peter Harrison is to retire after eight years at the helm.
In a statement the £751bn London-based firm said it “anticipated an orderly transition during 2025”.
Headhunting firm Russell Reynolds has been tasked with finding Harrison’s successor at the FTSE100 firm.
Under Harrison’s watch, the company acquired a majority stake in renewable infrastructure firm Greencoat Capital and expanded its wealth management offering.
Potential internal candidates, according to the Financial Times, include CFO Richard Oldfield, global CIO Johanna Kyrklund, global head of private assets Georg Wunderlin and COO Meagen Burnett.
