SDR News & Analysis
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Schroders (SDR) sells Benchmark Capital for £200m in transaction
Schroders (SDR) is nearing a deal to sell its financial planning business, Benchmark Capital, for over £200 million ($264.8 million) to Söderberg & Partners. Benchmark manages £36.9 billion in assets under management and serves clients with significant investable assets. This divestment follows a recent £9.9 billion sale to Nuveen, approved by shareholders in April 2026. The move reflects Schroders' strategy to focus on ultra-high-net-worth clients through Cazenove Capital and the international wealth management division, while reducing costs and non-core operations.
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Schroders (SDR) Exits China Fund Management, Transfers Assets
Schroders (SDR) is withdrawing from its wholly owned fund operation in China, agreeing to transfer products to Neuberger Berman. This decision follows a £9.9bn ($13.2bn) sale to US firm Nuveen, aiming to consolidate operations in the fund management sector. As of March, Schroders' China unit managed 1.7 billion yuan ($249.89m) in mutual fund assets, compared to the parent company's $1.1tn globally. The move positions Schroders as the first foreign fund manager to exit the Chinese market after opening a fully owned business in 2023.
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Schroders (SDR) Appoints Patrick Schwyzer as Head of Client Group
Schroders (SDR) has appointed Patrick Schwyzer as head of Client Group for Europe, effective April 7, 2026. Schwyzer, who brings over 20 years of experience from UBS (previously Credit Suisse), will work to implement client strategies across European markets, focusing on wealth, wholesale, and institutional clients. His previous role included overseeing more than 350 employees at Credit Suisse (Luxembourg), where he managed asset growth and strategic direction. In recent results, Schroders’ EMEA division generated over £700m ($924.3m) in net operating revenue for 2025 and managed £135.1bn in assets.
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