Shock in the City as Schroders family cash out after 222 years

Billionaire heiress Leonie Schroder as the family prepares to exit the firm after £4.3bn sale Just several months ago, Richard Oldfield was adamant – Schroders, the 222-year-old fund manager founded during the Napoleonic Wars, was not for sale. The Schroders family, who hold a 44pc stake in the business, were “tremendously supportive” of the business, and Mr Oldfield, who took over as chief executive in November 2024, was insistent that the company would deliver on the rest of his transformation plan. ...