British asset manager Schroders to expand in Hong Kong

British asset manager Schroders plans to expand in Hong Kong as it targets Asia-Pacific’s growing wealth management and pension sectors, despite ongoing US-China trade tensions. Group Chief Executive Richard Oldfield told the SCMP that the region’s rapid wealth growth and ageing populations are driving long-term demand for retirement planning services. Hong Kong remains central to Schroders’ strategy, with the firm backing government initiatives to attract high-net-worth individuals and family offices. Oldfield, who joined Schroders in 2023 after three decades at PwC, emphasised that market uncertainty is unlikely to affect the company’s investment plans in Hong Kong, mainland China, and Taiwan. His comments came during a visit to the Global Financial Leaders’ Investment Summit earlier this month.