Schroders CEO plans reboot under pressure from founding family, sources say
When Schroders CEO Richard Oldfield presents his revamp of the 221-year-old British fund manager next week, one group of investors will be watching more closely than usual: the founding family. Oldfield, at the helm since November, is expected to outline cost cuts and prioritise areas where Schroders is growing, such as wealth and private markets, according to three people close to the firm. Some representatives of the influential Schroder family have challenged executives to improve the company's performance faster after a poor run of earnings, the sources said.