Reported 17 days ago
Schroders Plc has downsized its executive committee from 22 to 9 members as part of new CEO Richard Oldfield's strategy to enhance agility and revitalize the asset management firm following a significant stock downturn. Oldfield, who succeeded Peter Harrison, aims to streamline operations and is reviewing various business segments to align more closely with competitors. The company is facing mounting investor pressure, evidenced by a sharp fall in share prices, and may consider further job cuts to manage costs.
Source: YAHOO