2014 was a strong year for Schroders with the firm seeing high levels of net new business and increased profit, as it benefited from the diversity of its business across a broad range of asset classes, client channels and regions.
Net revenue increased by 9 per cent. to GBP1,531.2 million (2013: GBP1,407.6 million) and profit before tax and exceptional items increased by 11 per cent. to GBP565.2 million (2013: GBP507.8 million). We won net new business of GBP24.8 billion (2013: GBP7.9 billion) and assets under management were up 14 per cent. to GBP300.0 billion (2013: GBP262.9 billion).
Michael Dobson, Chief Executive, says: “2014 was a record year for Schroders. Profit before tax and exceptional items was up 11 per cent. to GBP565.2 million and assets under management were up 14 per cent. to GBP300.0 billion. We generated net new business of GBP24.8 billion from clients around the world on the back of competitive investment performance across a broad product range and strong distribution.
“The Board is recommending a final dividend of 54.0 pence per share bringing the total dividend for the year to 78.0 pence per share (2013: 58.0 pence), an increase of 34 per cent.
“We believe our focus on building a diversified business across a broad range of investment strategies will continue to deliver value for clients and shareholders over the long term.”
