Schroders' new CEO shakes up top team after bruising year
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Schroders' new CEO, Richard Oldfield, has significantly reduced the size of the executive team to improve performance following a challenging year marked by disappointing earnings and major client departures.
November 11, 2024 | 10:00 am
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Schroders' new CEO, Richard Oldfield, has reduced the executive team size to address poor earnings and client losses, aiming to improve company performance.
The reduction in the executive team size by the new CEO is a strategic move to address the company's recent poor earnings and client exits. This indicates a proactive approach to improving performance, which could positively impact investor sentiment and the stock price in the short term.
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