Schroders Shares Plunge After Posting £2.3 Billion Outflows.

Schroders Plc experienced a significant drop in shares following £2.3 billion of quarterly outflows, with more expected in the future. The firm saw redemptions from its solutions and institutional divisions, while private markets and wealth management units had net inflows. The soon-to-be CEO, Richard Oldfield, emphasized the need for greater commercial discipline and simplification to address challenges faced by the company. [Extracted from the article]