Published by Global Banking & Finance Review®
Posted on December 13, 2024
1 min readLast updated: January 27, 2026
Schroders plans to sell its Indonesian unit managing $4 billion in assets, driven by new CEO Richard Oldfield's strategy to exit underperforming markets.
SINGAPORE/HONG KONG (Reuters) - Schroders is looking to sell its Indonesian business, according to two sources with knowledge of the matter, as the U.K.-headquartered global asset manager weighs exiting some sub-scale markets under its new chief executive.
The plan is fuelled by Schroders' CEO Richard Oldfield, who took charge last month, looking to trim the investment manager's underperforming units, said one of the sources, in an attempt to reboot performance after a string of disappointing earnings.
Share prices of the 224-year-old firm are at an 11-year low.
"We are constantly in discussions with potential partners to ensure we continue to deliver exceptional service and value to our clients," Schroders Indonesia spokesperson said, adding the company would not comment on specific market speculation.
(Reporting by Yantoultra Ngui in Singapore, Selena Li and Kane Wu in Hong Kong; Additional reporting by Stefanno Sulaiman in Jakarta; Editing by Sumeet Chatterjee and Tom Hogue)
The main topic is Schroders' plan to sell its Indonesian unit as part of a strategic market exit.
Schroders is selling its Indonesian unit to exit underperforming markets and improve overall performance.
The strategic shift is led by Schroders' new CEO, Richard Oldfield.
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