As of March 31, 2024, it had a total AUM of GBP 750 billion. The firm has broad expertise across public and private markets with significant operations in Europe, Asia-Pacific, and the Americas. In terms of geographical distribution, the UK market remains dominant with 49% of the total AUM, followed by Asia at 25% and EMEA at 14%.
The group retains its historical strengths in equities while progressively diversifying into multi-asset strategies, solutions, private assets, and alternatives. This diversification has been achieved partly through strategic acquisitions and partnerships, notably the acquisition of River and Mercantile's UK solutions business in 2021 and securing a majority interest in European renewable infrastructure manager Greencoat Capital in April 2022. Product launches have been strategic and targeted, with sustainable and private-asset funds among the key additions across 2022-24. These new offerings, such as the Global Equity Impact, Greencoat Global Renewables, and Private Equity China funds, leverage expertise gained from recent acquisitions, demonstrating Schroders' commitment to expanding its capabilities in key growth areas.
Schroders has better-than-average retention of fund managers compared with industry standards; a number of desk heads have spent their entire careers at the group. This longevity is also complemented by a strong depth of talent, facilitating effective succession planning. The company's remuneration policy is structured to encourage retention through bonus deferral. For fund managers, around 40% to 60% of variable compensation is deferred, vesting pro rata over a 3.5-year period. This approach aligns long-term interests and incentivizes staff retention.
The firm employs a robust, multilayered risk-management framework. A significant enhancement to this system was the adoption of BlackRock's Aladdin platform in 2017, which effectively integrated various components of the framework. The company's long-term strategic planning, influenced by its family heritage, fosters a collaborative culture. This approach contributes to high employee retention rates and delivers positive outcomes for investors.