Peter Harrison (businessman)

Last updated
Peter Harrison
Born (1966-05-25) 25 May 1966 (age 58)
Nationality (legal) British
Education University of Bath
Occupation(s)CEO, Schroders
Predecessor Michael Dobson
SpouseMarried
Children2

Peter Harrison (born 25 May 1966) is a British businessman, and the chief executive (CEO) of Schroders, [1] a British multinational investment management company.

Contents

Education

Peter Harrison was born on 25 May 1966. [2] He studied at the University of Bath, graduating in 1988 with a degree in business administration. [3]

Career

Harrison began his career at Schroders as a graduate in 1988, before moving to Newton Investment Management in 1991. Prior to returning to Schroders in 2013 as global head of equities, Harrison worked in a number of senior roles at JPMorgan, Deutsche Asset Management and latterly chairman and CEO of RWC Partners. He became head of investment at Schroders in 2014 and then CEO in 2016, when he succeeded Michael Dobson, who had been CEO for 15 years and became the chairman. [4] Dobson's move from CEO to chairman was widely criticised, for example in The Independent , "City in uproar as Schroders tycoons flout the rules on good governance". [5]

Harrison faced controversy in April 2020 when Schroders announced it would pay him £9 million, an increase of 39% on his salary the previous year. It was announced in the midst of the coronavirus lockdown, while Schroders was urging companies to keep executive pay under control. [6] Harrison responded to the controversy by pledging to donate a portion of his salary and bonus for the year 2020 to charity. Schroders further responded by introducing a collective action scheme, encouraging its employees to do the same. [7]

Non-executive appointments

Harrison is a member of the UK Treasury’s Asset Management Taskforce, [8] the Investment Association Board, [9] the Capital Markets Industry Taskforce [10] and the FCA Market Practitioner Panel. [11]

He is on the Board of Directors of FCLT Global [12] and the advisory boards of venture capital firm Antler, the Harvard University Impact Board [13] and City UK. [14]

Harrison was previously the chairman of the Investment Association board. [15]  He also sat on the Takeover Panel and the Prime Minister’s Financial and Professional Services’ Business Council.

Memberships and honours

In 2017 Harrison was awarded an honorary doctorate by the University of Bath. [16] He is also a member of the Diversity Project [17] and part of the Embankment Project for Inclusive Capitalism. [18] He is involved in improving diversity and inclusion, and was ranked ninth in the 2018 Financial Times 50 Male Champions of Women in Business - part of the FT's annual HERoes. [19] He is also an OUTstanding Top 50 Ally Executive. [20] Harrison was included in Debrett's 500 most influential people, [21] and was shortlisted for Advocate of the Year at the Women in Finance awards. [22]

Harrison is a Patron of The Prince's Trust [23] and served as a Trustee of the Game and Wildlife Conservation Trust.

Personal life

He is married with two children. [24]

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References

  1. ↑ "Press Release - Schroders plc - Board succession" (PDF).
  2. ↑ Dunkley, Emma (14 June 2020). "Interview: Schroders' Peter Harrison rules out selling the family silver" . The Sunday Times. Retrieved 24 May 2024.
  3. ↑ "New Schroders CEO Peter Harrison Inherits a Thriving Business". Institutional Investor. Retrieved 30 January 2018.
  4. ↑ White, Josh (2016-03-03). "Schroders books solid earnings growth, names new CEO - Yahoo Finance UK". Uk.finance.yahoo.com. Retrieved 2016-04-12.
  5. ↑ "City in uproar as Schroders tycoons flout the rules on good governance" . independent.co.uk. 3 March 2016. Archived from the original on 2022-05-26. Retrieved 30 January 2018.
  6. ↑ Tasman-Jones, Jessica (2020-06-15). "Schroders boss responds to £9m coronavirus pay controversy". Portfolio Adviser. Retrieved 2020-09-18.
  7. ↑ Martin, Ben. "Schroders boss Harrison to donate £630,000 in pay to charity". The Times. Retrieved 14 November 2020.
  8. ↑ "Government's asset management taskforce revamped". GOV.UK. Retrieved 2023-01-26.
  9. ↑ "Board". The Investment Association. Retrieved 2023-01-26.
  10. ↑ "UK capital market reform set to receive boost as Chancellor welcomes new Taskforce". www.lseg.com. Retrieved 2023-01-26.
  11. ↑ Panel, Markets Practitioner. "Panel members". www.fca-mpp.org.uk. Retrieved 2023-01-26.
  12. ↑ "Board of Directors". FCLTGlobal. 2020-07-16. Retrieved 2023-01-26.
  13. ↑ "Advisory Councils - Impact-Weighted Accounts - Harvard Business School". www.hbs.edu. Retrieved 2023-01-26.
  14. ↑ "Advisory Council | TheCityUK". www.thecityuk.com. Retrieved 2018-01-29.
  15. ↑ "Investment Association appoints Peter Harrison to lead board | Investment Association". www.theinvestmentassociation.org. Retrieved 2018-01-29.
  16. ↑ "Mr Peter Harrison: Oration". www.bath.ac.uk. Retrieved 2018-01-29.
  17. ↑ "Peter Harrison | Diversity Project". diversityproject.com. Retrieved 2018-01-29.
  18. ↑ "Coalition for Inclusive Capitalism: Peter Harrison". Coalition for Inclusive Capitalism. Retrieved 2018-01-29.
  19. ↑ "HERoes ranking: champions of women in business". Financial Times. Retrieved 3 October 2018.
  20. ↑ "The OUTstanding lists: LGBT leaders and allies today". Financial Times. 26 October 2017. Retrieved 12 September 2023.
  21. ↑ "Finance - Debrett's". Debrett's. Retrieved 2018-01-29.
  22. ↑ "Winners - 2017 Women in Finance Awards". Women in Finance Awards. Retrieved 2018-01-29.
  23. ↑ "Roll of Patrons | Support our work | The Prince's Trust". www.princes-trust.org.uk. Retrieved 2018-01-29.
  24. ↑ Dunkley, Emma. "Interview: Schroders' Peter Harrison rules out selling the family silver" – via www.thetimes.co.uk.
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