Schroders launched a cost-cutting drive earlier this month. RBC analysts have upgraded their Schroders’ stock price target after accounting for the group’s recently announced cost-cutting drive.

However, initial appearances might be deceiving. Schroders has seen earnings per share falling at 2.6% per year over the last five years. Declining earnings will inevitably lead to the company ...

US real estate giant Hines hired former Schroders Plc executive Eugenio Cicconetti to build out its unit for Europe’s rich amid a global boom in money managers focusing on the private wealth sector.