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Schroders' WM unit proves resilient against group profit fall

News Team, 29/02/2024

Schroder's wealth management unit - which includes Cazenove Capital, Schroders Personal Wealth and Benchmark Capital - has proved resilient against profit dips at the firm in its full year 2023 results.

Operating profit in the division increased by 16 percent to £150.5 million, whereas it stood at £129.9 million in 2022. 

Net operating revenue in wealth management increased by seven percent to £423.2 million, compared to last year's £394.3 million, which the firm sai...


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