Schroders arrived in Bermuda in 1969 when an investment management subsidiary was created to focus primarily on the institutional and private wealth growthunder a very robust legal framework that had English common law at its historical heart. The local business quickly established itself expanding into international trust work with a focus on private equity, and subsequently private equity administration. 

Worldwide Schroders was going from strength to strength as the Schroder family, in its sixth generation of involvement since its formation in 1804, remained closely involved with the business in all areas. The Schroder family, led by its then current patriarch – Bruno Schroder, was very involved with the Bermuda operation having fallen in love with the island.

In 2000 Schroders decided to re-focus its global business and sold its investment banking arm to Salomon Smith Barney, part of Citigroup.  While this affected most Schroder business around the world, the investment hub in Bermuda continued to thrive.  Private wealth management was introduced providing those local clients with an international feel with a service that drew upon the worldwide expertise of the group. By this time Schroders was operating in more than 30 countries across the globe with a fabulous brand that was fast approaching its 200^th year birthday.  This was celebrated in 2004 with the Schroder family visiting every office across the now significant empire to remind all of the value of not just the family name – but also the importance of taking a long term view.

Now as a global investment and private wealth manager, we help institutions, intermediaries and individuals meet their goals, fulfil their ambitions, and prepare for the future. But as the world changes, so do our clients’ needs. That’s why we have a long history of adapting to suit the times and keeping our focus on what matters most to our clients.

Doing this takes experience and expertise. We bring together people and data to spot the trends that will shape the future, providing us with a unique perspective which allows us to always invest with conviction. We are responsible today for $536.7 billion of assets for our clients who trust us to deliver sustainable returns. We remain determined to build future prosperity for them, and for all of society. Today, we have 5,000 people across six continents who focus on doing just this.

We are a global business that’s managed locally. This allows us to always keep our clients’ needs at the heart of everything we do. For over 200 years and more than seven generations, we’ve grown and developed our expertise in tandem with our clients’ needs and interests. Explore our interactive timeline to see how we’ve been shaping financial futures since our very beginnings.

Our current business in Bermuda continues to reflect all of the values mentioned above, enshrined in our drive for excellence, integrity, innovation, teamwork and passion in all that we do for clients. Our employees all continue to recognise the importance of taking a long term view – at the heart of all family relationships. Further, all also know that it is a privilege, particularly in today’s fast moving and short term thinking world, to be able to look to the long term. Schroders is proud to have been in Bermuda for 50 years.

Article by: RG Business in conjunction with Schroders (Bermuda) Limited

www.schroders.com 

This article was originally posted in the May 2019 edition of the RG Business Magazine.

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Reports on the present condition of the marine environment highlight the threats this complex environment faces, many man-made. Rising sea levels, increasing water temperatures, pollutants, microplastics, coral bleaching and habitat damage to name a few, impact all of us both locally in Bermuda and worldwide. Education is a key component of our mission; by inspiring young Bermudians to learn more about science and in particular the ocean around us, we aim to instill a sense of wonder, respect and stewardship. BUEI is also an important public resource and provides a forum for the community as a whole and also fosters collaboration between like-minded organisations. Together we can make a difference!

BUEI’s Ocean Discovery Centre is a valued community resource that welcomes tourists and residents 364 days a year to learn more about the ocean and underwater marine environment. In addition to perennial favourites such as the Shipwreck Gallery, Treasure Room and Shell Collection, it has been very exciting to introduce two new state-of-the-art interactive exhibits within the past 18 months; namely the XL Catlin “Living with the Ocean” and America’s Cup “Built to Win”. These modern installations give visitors a hands-on method of acquiring knowledge and complement our more traditional museum fare.

I was honoured to attend the opening of the recently revamped and upgraded simulated submersible experience, Blue Echo, that gives visitors the opportunity to experience the thrill of a deep scientific dive to the ocean floor without getting wet. The commitment to develop new exhibit content continues, and our talented, energetic team is fully engaged and enthusiastic about BUEI’s proprietary Bermuda Triangle Experience, which will be rolled out later this year. Through both Bermuda centred and maritime themes we aim to engage, educate and empower our guests.

The third sector is a key pillar of our island community and BUEI was founded on a commitment to public service, visitor and guest satisfaction, innovation and continued redevelopment. I would like to sincerely thank my fellow Trustees, dedicated staff, volunteers, donors and many advocates for their continued engagement and commitment to fulfilling BUEI’s mission. We are particularly proud to mark BUEI’s twentieth year of serving the Bermuda community this year and look forward to the next 20!

Faith Conyers

Chair of BUEI

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