Schroders Photo: VCG

The British asset management conglomerate Schroders vowed on Monday to conduct a comprehensive investigation following an online allegation regarding one of its senior executives in China.

News of a female industry professional confessing to multiple extramarital affairs with male counterparts has spread widely on Chinese social media platforms. Among those implicated are several public fund professionals, including Yu Tao, deputy general manager of Schroder Fund Management (China) Company Limited (Schroders Fund Management).

In responding to the online allegations, an employee with Schroders told the Global Times on Monday that the company is investigating the situation, and declined to make further comment on the issue.

Public information indicates that Yu, aged 46, holds a PhD in Finance from the University of Manchester in the UK. He has previously served as assistant general manager at Franklin Templeton Fund Management Limited. Yu joined Schroders in 2022 and was appointed deputy general manager of Schroders Fund Management in November 2023, according to media reports.

Founded in 1804, Schroders is one of the oldest British asset management companies with a global presence across equities, fixed income and multi-asset. In 1994, Schroders established its representative office in Shanghai, becoming one of the earliest foreign asset management companies to enter the Chinese mainland market.

Global Times