Appointment

Schroders PLC
22 November 2001


22nd November 2001


                SCHRODERS APPOINTS NEW CHIEF FINANCIAL OFFICER


Schroders announces that Nick MacAndrew, Chief Financial Officer, will be
leaving the Group with effect from the Annual General Meeting in 2002.  He has
been with the Group for 30 years and has been Chief Financial Officer for the
past 10 years.


Peter Sedgwick, Chairman of Schroders plc, said:


'Nick MacAndrew has made a significant contribution to our Investment Banking
and Finance areas, both at home and abroad.  He has played a major part in the
strategic development of the Group and was a key figure in handling the sale
of the investment banking business to Salomon Smith Barney.  He leaves with
our gratitude and his many friends in the City will join with us in extending
our very best wishes for the future.'


Jonathan Asquith (45) will be appointed Chief Financial Officer and will join
the Board of Schroders plc.  He is currently head of UK private banking at
Barclays plc.  He was previously Chief Operating Officer of Deutsche Morgan
Grenfell and, prior to that, Finance Director of Morgan Grenfell Group plc.


Ends


For further information, please contact:


Schroders plc
Peter Sedgwick, Chairman                              020 7658 6476
Michael Dobson, Chief Executive                       020 7658 6962
Julian Samways, Head of Corporate Communications      020 7658 6166



Notes to editors:



                                Schroders plc


Schroders is a leading international asset management and private banking
group, with nearly 200 years experience in financial service and over £122
billion funds under management.



Apart from managing investments on behalf of pension funds, government bodies,
charities, corporations, family groups and high net worth individuals
throughout the world, Schroders is a leading manager of unit trusts and other
mutual funds.   Schroders offers investments across all major asset classes in
developed and emerging countries; public equities and debt, money markets,
private equities and property.


Schroders employs over 2,700 staff world-wide through 39 offices in 28
countries and territories.


Further information about Schroders is located on the following sites:


Corporate & Institutional: www.schroders.com
Retail & Investment Funds: www.schroders.co.uk
Mutual & Off-shore Funds: www.schroders.lu


Issued by SIM Ltd, which is regulated by IMRO.