Singapore Acquisition
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Released: 29/02/2008
Schroders plc announces that following receipt of regulatory approval, Schroder & Co. (Asia) Limited, a Singapore subsidiary, has today completed the acquisition of the Singapore-based private client advisory unit of the Commonwealth Bank of Australia. Mr Khing Go, previously Head of Private Banking Asia Advisory for Commonwealth Bank of Australia, has been appointed Schroders Head of Private Clients Asia.
The new office opens in response to the accelerating demand from clients based within the region.
Schroders contacts
| Philip Mallinckrodt, Group Head of Private Banking | +44 (0)20 7658 6969 |
| Lucy Rae, PR Manager | +44 (0)20 7658 6168 |
Notes to Editors:
Schroders has been active in Singapore since 1976 and currently manages US$19.9 billion of Institutional and Mutual Fund assets in Singapore.
Schroders Private Banking
Schroders Private Banking, a division of Schroders plc, manages £9.2 billion, as at 30 September 2007, on behalf of successful individuals and wealthy families around the world. We offer intelligent solutions and focus on delivering results, providing a highly personalised, dedicated service to every one of our clients.
Investment Management is at the heart of Schroders Private Banking business and this investment led proposition is supported by professional capabilities in wealth structuring and specialised banking. Strategic asset allocation plays an important role in every portfolio ensuring client risk profiles and investment needs are matched.
Further information about Schroders Private Banking is located at www.schrodersprivatebank.com
Schroders plc
Schroders is a global asset management company with £137.7 billion (€197.2 billion / $280.5 billion) under management as at 30 September 2007. Our clients are major financial institutions including pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors.
We apply our specialist asset management skills in serving the needs of our clients worldwide. With one of the largest networks of offices of any dedicated asset management company and over 250 portfolio managers and analysts covering all the major investment markets, we offer our clients a comprehensive range of products and services.
Further information about Schroders can be found at www.schroders.com
Issued by Schroder Investment Management Ltd, which is authorised and regulated by the Financial Services Authority.
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