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Trading statements

Schroders performs well in in Q1 2017

27 April 2017 07:29

Schroders said it continued to perform well in Q1 2017 with assets under management and administration (AUMA) increasing 5% to £416.3bn at March 31, from £397.1bn a Jan. 1.

In February, it completed the acquisition of the wealth management business of C. Hoare & Co. This brought about 1800 clients representing £2.5bn 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," said Schroders.

"We expect the deal to complete in the second half of 2017, subject to regulatory approvals."

Story provided by StockMarketWire.com

Related Company: SDR

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