Schroders joins pan-European trade group FECIF

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FECIF, the pan-European advisory industry trade association, said Schroders, the London-based asset management house, has become its latest associate member.

FECIF secretary general Paul Stanfield, pictured, said Schroders would benefit from being a part of the Brusssels-based association, which represents more than 30 European trade bodies or industry organisations, which in turn represent more than 245,000 financial advisers and intermediaries.

Among the reasons, he noted, is because one of FECIF’s main roles is keeping its members updated with respect to European regulatory matters, which are constantly changing and crucial for businesses to stay on top of.

The organisation is currently putting the finishign touches on a regulatory database and library that will be available exclusively to FECIF members, Stanfield added.

Courtney Waterman, head of EMEA marketing at Schroders, noted that affiliation with FECIF (the Fédération Européenne des Conseils et Intermédiaires Financiers) would help Schroders officials to deepen [their] understanding of the issues that European financial advisers and intermediaries face”, while also giving it the opportunity to further expand its “opportunities in the European market”.

Schroders, which is listed on the London Stock Exchange and a component of the FTSE 100 index, has offices around the world, and looks after assets under management of around £343.8bn.

Last week, as reported,  it named Huw van Steenis, formerly of Morgan Stanley, to the new position of global head of strategy, a role that will see him based in London and reporting in to group chief executive, Peter Harrison.