Investment Firm Schroders to Open Tel Aviv Offices
Founded over two centuries ago in 1804, Schroders has over 4,000 employees in offices in 27 countries and circa $577.3 billion in assets
One of Britain’s largest investment management firms, Schroders plc, announced today that it is opening offices in Tel Aviv in response to growing demand from clients.
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Founded over two centuries ago in 1804, London-listed Schroders has over 4,000 employees in offices in 27 countries and circa $577.3 billion (GBP 488.3 billion) in assets under management and administration as of 30 September 2017, according to the company’s statement.
The only other investment firm at this scale holding offices in Israel is U.S-based Nasdaq-listed BlackRock Inc.
Schroders has been active in Israel for about a decade but has been working from its London headquarters until now. The company is currently recruiting for distribution roles in Tel Aviv. Schroder’s activity in the country to date has focused on financial institutions, mostly trust funds and other financial assets.
“Israel has a highly developed and vibrant economy with an advanced technology sector and the investment management industry is growing year-on-year,” said John Troiano, global head of distribution at Schroders, in a statement. Mr. Troiano said he believes a local presence will allow the company to serve their current Israeli clients and develop new ties with prospective clients.