Schroders

Schroders' history began in 1804 when Johann Heinrich Schröder became a partner in J.F. Schröder & Co, the London-based firm of his brother, Johann Friedrich , founded in 1800. In 1818 J. Henry Schröder & Co. was established in London.During the American Civil War, Schroders "issued £3m bonds in 1863 for the Confederacy."Key events in the development of the business include the establishment of J Henry Schroder Banking Corporation as a commercial bank in New York in 1923, the public offering of the shares in J. Henry Schroder & Co. Ltd on the London Stock Exchange in 1959 and the acquisition of Helbert, Wagg & Co, a leading issuing house, in 1962.In 1986 the company disposed of Schrobanco, its commercial banking arm in New York and acquired 50% of Wertheim & Co., a mid-tier New York based investment bank, whose activities more closely mirrored those of the London business.Schroders played a leading role in the privatisations carried out by the UK Government in the 1980s and was to grow dramatically under Winfried Bischoff. Schroders was worth £30 million when he took over as CEO in 1984; in 2000 the company sold its investment banking division to Citigroup for £1.3 billion. Citigroup's European investment banking arm traded as Schroder Salomon Smith Barney from 2000 to 2003.In 2013, Schroders purchased the capital management arm of Cazenove in a deal worth £424 million.Schroders bought the London-based Sandaire Investment Office in September 2020.Schroders announced in June 2021 that it was uniting its specialist private assets capabilities under the newly launched Schroders Capital brand.