Schroders shares fall after warning of £10bn in outflows

Richard Oldfield, the incoming CEO of Schroders, aims to enhance the asset manager’s focus and execution as the company faces outflows of £10bn. The announcement led to a 10% drop in Schroders shares, bringing their year-to-date decline to 25%. Oldfield plans to simplify operations, maintain commercial discipline, and focus on flawless execution to address the challenges faced by the company and build on existing strengths.

Full Article