in the privatisations carried out by the UK Government in the 1980s and was to grow dramatically under Winfried Bischoff. Schroders was worth £30 million when he took over as CEO in 1984; in 2000 the company sold its investment banking division to Citigroup for £1.3 billion. Citigroup's European investment banking arm traded as Schroder Salomon Smith Barney from 2000 to 2003. In 2013, Schroders purchased the capital management arm of Cazenove in a deal worth £424 million. Schroders bought the London-based Sandaire Investment Office in September 2020. Schroders announced in June 2021 that it was uniting its specialist private assets capabilities under the newly launched Schroders Capital brand. Current operations In April 2012, Schroders acquired a 25% stake in Axis Mutual Fund. In December 2021, the firm signed up to the UN's Women Empowerment Principles, an initiative to support women in the workplace which was founded by the United Nations Global Compact and UN Women. As at 31 December 2021, Schroders was responsible for assets worth £615.2 billion on behalf of clients including corporations, insurance companies, local and public authorities, charities, pension funds, high-net-worth individuals and retail investors. Collaboration with universities In June 2014, Schroders' Multi-Asset Investments and Portfolio Solutions (MAPS) announced a collaboration with Professor Anthony G. Constantinides, Director of the newly created Imperial College Financial signal processing Laboratory (FSP). Notable current and former employees Business Geoffrey Bell – chairman of Guinness Mahon (1987–1993) and founder of the Group of Thirty Winfried Bischoff – chairman of Lloyds Banking Group (2009–2014) Andrew Knight – editor of The Economist (1974–1986) Politics and public service David Ogilvy, 13th Earl of Airlie – Lord Chamberlain (1984–1997) Gordon Richardson – governor of the Bank of England (1973–1983) James Wolfensohn – president of the World Bank (1995–2005) Sir John Henry Bremridge KBE, JP, MA – financial secretary of Hong Kong (1981–1986). Sir John Henry Bremridge served as a non-executive director of Schroders plc. Other Avery Rockefeller – member of the Rockefeller family Frank Cyril Tiarks – director of the Bank of England (1912–1945); and High Sheriff of Kent (1927) References Further reading External links Schroders Talkingpoint British companies established in 1804 Investment banks Former investment banks Companies listed on the London Stock Exchange Investment management companies of the United Kingdom Financial services companies based in the City of London Banks established in 1923 1804 establishments in England