Directorate Change

Schroders PLC

26 September 2024

 

Schroders plc appoints Chief Financial Officer and elevates Group CIO

26 September 2024

Schroders plc today announces the appointment of two Executive Directors to the Board effective from 1 January 2025, subject to regulatory approval.

Meagen Burnett will be appointed Chief Financial Officer (CFO), succeeding Richard Oldfield who was named Group Chief Executive earlier this month.

Johanna Kyrklund will also join the Board as Group Chief Investment Officer (CIO).  Johanna's elevation to the Board underscores the importance of investment expertise and performance to the business and our clients. 

Richard Oldfield, incoming Group Chief Executive, said:

"My initial priority is to build on strong foundations, and focus on simplification, commercial discipline and flawless execution, which will accelerate our transition to growth. We must remain relevant to clients whilst driving shareholder value through disciplined capital allocation and enterprise-wide collaboration.

In the year that I have worked with Meagen, I've seen first-hand the incredible rigour she has brought to her role as Group Chief Operating Officer. I know she will do the same in shaping our commercial decision-making and drive efficiencies in our business processes, leveraging our investment in technology.

Delivering excellent investment performance is the cornerstone of our client proposition. Johanna's appointment will ensure that client outcomes remain at the heart of how we invest across Wealth Management, Private Markets, Solutions and Public Markets.

Additionally, Johanna will have responsibility for how our public markets business delivers for clients across equities, fixed income, multi-asset and solutions. 

Their combined experience and investment insights, as well as their financial and business acumen, will be invaluable."

Dame Elizabeth Corley, Chair of Schroders plc, commented:  

"We are very pleased to welcome Meagen and Johanna to the Board, both of whom bring exceptional experience, international mindsets and leadership across a wide range of disciplines including operations, finance, technology, investment and client relations. Their rich skillsets will complement the excellent capabilities we have in Richard, providing us with strong leadership to drive the Group forward."  

Meagen joined Schroders in January 2023, and as Group Chief Operating Officer, has firm-wide responsibility for operations, technology, and change. As CFO, she will take direct responsibility for financial management, capital, and treasury, with oversight of operations and technology. With more than 25 years' experience in Financial Services, including 15 years in Asset Management, she has held various operational, audit, risk and IT control roles within M&G, J.P. Morgan, Goldman Sachs and KPMG. She is a qualified chartered accountant.

Johanna joined Schroders in 2007 as an investor to lead the UK Multi-Asset business. Over the course of nearly two decades, she has grown our Multi-Asset business into a global franchise from £22 billion of assets under management when she joined to £192.3 billion at 30 June 2024.  In 2019, she became Group CIO and in her new role on the Board, will now be responsible for the oversight of investment performance across all business lines.

Richard will succeed Peter Harrison as Group Chief Executive on 8 November 2024, subject to regulatory approval. Meagen will act as interim CFO from 8 November 2024, until her formal appointment on 1 January 2025.

There is no further information to disclose under UKLR 6.4.8R

For further information, please contact:

Julie Foster, Global Head of Corporate Communications		[phone]
Andy Pearce, Head of Media Relations		[phone]
Katie Wagstaff, Investor Relations Manager		[phone]

Notes to Editors:

Schroders plc is a global investment manager which provides active asset management, wealth management and investment solutions, with £773.7 billion (€912.6 billion; $978.1 billion) of assets under management at 30 June 2024. As a UK listed FTSE100 company, Schroders has a market capitalisation of circa £6 billion and over 6,000 employees across 38 locations. Established in 1804, Schroders remains true to its roots as a family-founded business. The Schroder family continues to be a significant shareholder, holding approximately 44% of the issued share capital.

Schroders' success can be attributed to its diversified business model, spanning different asset classes, client types and geographies. The company offers innovative products and solutions through four core business divisions: Public Markets, Solutions, Wealth Management, and Schroders Capital, which focuses on private markets, including private equity, renewable infrastructure investing, private debt & credit alternatives, and real estate.

Schroders aims to provide excellent investment performance to clients through active management. This means directing capital towards resilient businesses with sustainable business models, consistently with the investment goals of its clients. Schroders serves a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.

 

END