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Total Categories: 7
Schroders plc was established during the 20th century.
Answer: False
The founding of Schroders plc predates the 20th century; it was established in 1804.
Johann Heinrich Schröder founded Schroders plc as a sole proprietorship in 1804.
Answer: False
While Johann Heinrich Schröder was instrumental in the firm's establishment in 1804, it was initially as a partnership within J.F. Schröder & Co., not as a sole proprietorship.
In what year was Schroders plc originally founded?
Answer: 1804
Schroders plc traces its foundation to the year 1804.
Who is credited as the principal founder of Schroders plc?
Answer: Johann Heinrich Schröder
Johann Heinrich Schröder is recognized as the founder of the firm that evolved into Schroders plc.
Schroders plc is primarily identified as a technology company headquartered in Germany.
Answer: False
This assertion is factually incorrect. Schroders plc is a British multinational asset management firm, headquartered in London, England, and is not primarily a technology company based in Germany.
Schroders plc maintains its global headquarters in New York City.
Answer: False
The global headquarters of Schroders plc is situated in London, England, not New York City.
Schroders plc is listed and traded on the New York Stock Exchange (NYSE).
Answer: False
Schroders plc is listed on the London Stock Exchange, not the New York Stock Exchange.
Schroders plc is recognized as a constituent component of the Dow Jones Industrial Average index.
Answer: False
Schroders plc is not a component of the Dow Jones Industrial Average. Its primary listing is on the London Stock Exchange, and it is part of indices such as the FTSE 100.
The Schroder family collectively holds a majority stake, exceeding 50%, in Schroders plc.
Answer: False
The Schroder family, through various entities, controls a significant but not majority stake, approximately 47.93%, in Schroders plc.
Schroders plc operates under the legal classification of a private limited company.
Answer: False
Schroders plc is classified as a Public Limited Company (PLC), indicating it is a publicly traded entity.
The principal business focus of Schroders plc is commercial banking and lending services.
Answer: False
Schroders plc's primary business is asset management and financial investment, not commercial banking.
Schroders plc utilizes the ticker symbol 'SCHR' for trading on the London Stock Exchange.
Answer: False
Schroders plc is traded on the London Stock Exchange under the ticker symbols SDR and SDRC, not 'SCHR'.
What is the primary business activity of Schroders plc?
Answer: Asset management and financial investment
Schroders plc is fundamentally engaged in asset management and financial investment, providing a wide range of investment solutions to institutional and retail clients.
Where is the global headquarters of Schroders plc situated?
Answer: London, England
The global headquarters of Schroders plc is located in London, England.
Which major stock market index includes Schroders plc as a constituent?
Answer: FTSE 100 Index
Schroders plc is a constituent of the FTSE 100 Index, which comprises the 100 largest companies listed on the London Stock Exchange.
What precise percentage of Schroders plc's ordinary shares is controlled by the Schroder family through various entities?
Answer: 47.93%
The Schroder family, via trustee companies, individual holdings, and charitable trusts, controls 47.93% of the company's ordinary shares.
Schroders plc is traded on which primary stock exchange?
Answer: London Stock Exchange (LSE)
Schroders plc is listed and traded on the London Stock Exchange (LSE).
Which of the following is a ticker symbol for Schroders plc on the London Stock Exchange?
Answer: SDRC
Schroders plc is traded on the London Stock Exchange under the ticker symbols SDR and SDRC.
Schroders plc is described in the source material as primarily a:
Answer: British multinational asset management company.
Schroders plc is consistently described as a British multinational asset management company.
Schroders reported a total revenue approximating £3 billion for the fiscal year 2024.
Answer: True
The reported revenue for Schroders plc in 2024 was indeed approximately £2,970.0 million, which is equivalent to £3 billion.
Schroders' net income in 2024 was reported to be higher than its operating income.
Answer: False
In 2024, Schroders' operating income (£640.5 million) was higher than its net income (£433.0 million), as net income is calculated after deducting all expenses, including taxes and interest.
As of 2024, Schroders managed total assets under management (AUM) exceeding £700 billion.
Answer: True
The data indicates that Schroders' Assets Under Management (AUM) reached £778.7 billion as of 2024.
As of December 31, 2021, Schroders managed assets valued at over £600 billion.
Answer: True
The total value of assets managed by Schroders as of December 31, 2021, was reported to be £615.2 billion.
What was Schroders' reported revenue for the fiscal year 2024?
Answer: £2,970.0 million
Schroders reported a revenue of £2,970.0 million for the year 2024.
What was the total value of Schroders' Assets Under Management (AUM) as of 2024?
Answer: £778.7 billion
As of 2024, Schroders' Assets Under Management (AUM) reached £778.7 billion.
What was the approximate valuation of Schroders when Winfried Bischoff became CEO in 1984?
Answer: £30 million
When Winfried Bischoff assumed the CEO position in 1984, Schroders was valued at approximately £30 million.
Schroders plc acquired the prominent investment bank Goldman Sachs in the year 1962.
Answer: False
Schroders plc did not acquire Goldman Sachs in 1962. Historical records indicate acquisitions of entities like Helbert, Wagg & Co. during that period.
In 1986, Schroders divested its stake in Wertheim & Co. while simultaneously acquiring its New York commercial banking arm.
Answer: False
In 1986, Schroders sold its New York commercial banking arm (Schrobanco) and acquired a stake in Wertheim & Co., representing a strategic shift away from commercial banking.
Schroders' investment banking division was sold to Citigroup for a sum exceeding £1 billion in the year 2000.
Answer: True
The sale of Schroders' investment banking division to Citigroup in 2000 was indeed valued at over £1.3 billion.
Schroders acquired the wealth management firm Sandaire Investment Office in 2020.
Answer: True
Schroders completed the acquisition of Sandaire Investment Office in September 2020 as part of its strategy to expand its wealth management capabilities.
In 2021, Schroders unified its specialist private assets capabilities under the brand 'Schroders Global Assets'.
Answer: False
The brand launched in June 2021 to unify Schroders' specialist private assets capabilities was named 'Schroders Capital', not 'Schroders Global Assets'.
Schroders acquired a 25% stake in Axis Mutual Fund in April 2012.
Answer: True
In April 2012, Schroders expanded its presence in the Indian market by acquiring a 25% stake in Axis Mutual Fund.
What strategic shift occurred in Schroders' US operations in 1986?
Answer: Sold its commercial banking arm and acquired a stake in an investment bank.
In 1986, Schroders divested its New York commercial banking arm (Schrobanco) and acquired a stake in the investment bank Wertheim & Co., signaling a strategic pivot.
For what approximate amount did Schroders sell its investment banking division to Citigroup in 2000?
Answer: £1.3 billion
Schroders sold its investment banking division to Citigroup in 2000 for approximately £1.3 billion.
Which capital management arm did Schroders acquire in 2013 for £424 million?
Answer: Cazenove
In 2013, Schroders acquired the capital management arm of Cazenove for £424 million.
What new brand was launched in June 2021 to unify Schroders' specialist private assets capabilities?
Answer: Schroders Capital
Schroders launched the brand 'Schroders Capital' in June 2021 to consolidate its specialist private assets capabilities.
Schroders acquired a 25% stake in which Indian mutual fund company in April 2012?
Answer: Axis Mutual Fund
In April 2012, Schroders acquired a 25% interest in Axis Mutual Fund, expanding its footprint in the Indian asset management sector.
The source mentions Schroders' involvement in the establishment of Citigroup's European investment banking arm, which operated under the name:
Answer: Schroder Salomon Smith Barney
Following the acquisition of Schroders' investment banking division, Citigroup's European arm operated as Schroder Salomon Smith Barney from 2000 to 2003, reflecting the integration of the businesses.
Schroders employed precisely 6,000 individuals worldwide in the year 2024.
Answer: False
In 2024, Schroders employed 6,071 individuals worldwide, a figure slightly different from exactly 6,000.
Richard Oldfield succeeded Peter Harrison as Chief Executive Officer (CEO) of Schroders plc in November 2024.
Answer: True
Richard Oldfield assumed the role of CEO of Schroders plc, succeeding Peter Harrison, effective November 8, 2024.
In November 2024, Schroders announced a reduction in its executive committee size to 15 members.
Answer: False
The reduction in Schroders' executive committee size in November 2024 brought the number of members down to 9, from a previous total of 22.
Winfried Bischoff, a former CEO of Schroders, subsequently assumed the chairmanship of Lloyds Banking Group.
Answer: True
Winfried Bischoff, after his tenure as CEO at Schroders, later served as the chairman of Lloyds Banking Group, demonstrating a significant career trajectory in finance.
Michael Dobson currently holds the position of Chief Executive Officer (CEO) at Schroders plc.
Answer: False
Michael Dobson serves as the Chairperson of Schroders plc; the current CEO is Peter Harrison, who is succeeded by Richard Oldfield.
Who was appointed the new Chief Executive Officer (CEO) of Schroders, effective November 8, 2024?
Answer: Richard Oldfield
Richard Oldfield was appointed the new CEO of Schroders, succeeding Peter Harrison, with his tenure commencing on November 8, 2024.
In November 2024, Schroders announced a significant reduction in its executive committee size from 22 members to how many?
Answer: 9
Schroders reduced its executive committee from 22 members to 9 in November 2024 as part of a management structure overhaul.
Who is listed as the current Chairperson of Schroders plc?
Answer: Michael Dobson
Michael Dobson holds the position of Chairperson of Schroders plc.
The book 'Schroders, Merchants & Bankers' was authored by whom?
Answer: Richard Roberts
The book 'Schroders, Merchants & Bankers', published in 1992, was authored by Richard Roberts.
Which of the following individuals was NOT listed as a notable former employee of Schroders?
Answer: Richard Oldfield (incoming CEO)
Richard Oldfield is the incoming CEO, not a former employee listed in the provided notable personnel data.
Which of the following entities is NOT listed as a notable subsidiary or associated entity of Schroders?
Answer: Barclays Wealth Management
Barclays Wealth Management is not listed as a subsidiary or associated entity of Schroders; the others mentioned are.
Schroders played a role in financing the Union during the American Civil War by issuing bonds.
Answer: False
Historical records indicate that Schroders issued bonds for the Confederacy during the American Civil War, not the Union.
Schroders established its New York commercial banking subsidiary, 'Schrobanco', in 1923.
Answer: True
The establishment of the New York banking entity, J. Henry Schroder Banking Corporation, commonly known as 'Schrobanco', occurred in 1923.
Schroders formally signed up to the UN's Global Compact initiative in December 2021.
Answer: False
In December 2021, Schroders signed up to the UN's Women Empowerment Principles, not the Global Compact initiative.
What significant financial role did Schroders undertake during the American Civil War?
Answer: Provided financial aid to the Confederacy.
Schroders issued bonds totaling £3 million in 1863 for the Confederacy during the American Civil War.
In what year was the New York banking entity 'Schrobanco' established by Schroders?
Answer: 1923
The New York banking entity, J. Henry Schroder Banking Corporation ('Schrobanco'), was established in 1923.
Which UN initiative did Schroders sign up to in December 2021 to support women in the workplace?
Answer: The Women Empowerment Principles
In December 2021, Schroders committed to the UN's Women Empowerment Principles, an initiative focused on advancing gender equality in business.
Schroders' Multi-Asset Investments and Portfolio Solutions (MAPS) division collaborated with which academic institution's laboratory in 2014?
Answer: Imperial College London
In 2014, Schroders' MAPS division collaborated with the Imperial College Financial Signal Processing Laboratory (FSP).