Q1 2017 update

RNS Number : 4639D

Schroders PLC

27 April 2017

 

Schroders plc Q1 2017 update 27 April 2017 At our full year 2016 results, we announced that we would no longer be publishing full financial results in the first and third quarters. We also announced that we would report the quarter end Assets under Management and Administration (AUMA), one of our Key Performance Indicators. This information is set out below. Assets under Management Assets under Administration AUMA £bn Institutional Intermediary Asset Management Wealth Management Total Total Total 1 January 2017 226.3 120.1 346.4 39.6 386.0 11.1 397.1 31 March 2017 234.5 127.4 361.9 43.2 405.1 11.2 416.3 The business continued to perform well in the first quarter of 2017 with AUMA increasing 5% to £416.3 billion. In February, we completed the acquisition of the wealth management business of C. Hoare & Co.  This brought around 1,800 clients representing £2.5 billion of assets under management. We have also expanded our capabilities within Private Assets, with the announcement of the acquisition of Adveq, a Swiss-based high-quality specialist private equity solutions business.  We expect the deal to complete in the second half of 2017, subject to regulatory approvals. For further information, please contact: Investors Alex James - Investor Relations Press Beth Saint - Head of Communications Anita Scott - Brunswick Tel: [phone] [e-mail] Tel: [phone] [e-mail] Tel: [phone] [e-mail] Legal disclaimer The information provided in this document in respect of assets under management and administration has not been subject to audit.  The statements in this document are based on the Directors' current view and information known to them at the date of this document.  Nothing in this document should be construed as a profit estimate or forecast or as a projection of future financial performance.

 

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