A New Era: Richard Oldfield on the Future of Schroders and the Asset Management Industry
Richard Oldfield, Group Chief Executive of Schroders, discusses; why scale alone isn't enough in modern asset management, the future of active investing in a world dominated by passive flows, public vs private markets: where the next growth opportunities lie, the strategic rationale behind the Schroders–Nuveen merger, and how AI and tokenisation could reshape the investment industry.
Most CEOs take years to make their mark. But after three decades dissecting and helping other people’s businesses at PwC, our guest today spent just two years inside Schroders before deciding it was time to sell the 222-year-old business.
In this conversation, Richard Oldfield explains why he was convinced it was the right path to take, and why the family-controlled business and its board were persuaded.
He describes the irresistible forces changing the investment business and specifically analyses the co-existence of private and public assets, the potential paths of passive and active, and if size matters more than ever.
He discusses the footprint, asset mix and culture which Nuveen offers and how the combined group will manage $2.5tn, becoming one of the world’s largest active managers.
He explains why public markets are essential, how AI is being implemented in their business, the important Asian opportunity, and why benchmarks can provide the wrong skew in understanding risks.
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