Schroders overtakes Standard Life Aberdeen to become UK’s largest listed asset manager

Schroders has overtaken Standard Life Aberdeen to become the UK’s largest listed asset manager. 

The business was looking after almost £526billion of investors’ cash at the end of June – which is a record, and a rise of 5 per cent from the end of December. 

In the fast lane: The business was looking after almost £526billion of investors' cash at the end of June – which is a record

In the fast lane: The business was looking after almost £526billion of investors’ cash at the end of June – which is a record

Standard Life Aberdeen (SLA), in contrast, was overseeing £490billion at the end of April. 

Schroders boss Peter Harrison said the first-half results were ‘particularly resilient’ given the ‘extraordinary period of market volatility and continuing social and economic uncertainty’ because of the coronavirus pandemic.

source: dailymail.co.uk

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