Hi everyone. Today we have the great pleasure of having Peter Harrison on the show.

Peter is the CEO of Schroeder, one of the biggest asset managers in Europe.

And amazingly, Schroedus has been in business for nearly for roughly 200 years.

Peter, great to have you here.

Thank you. Great pleasure. It's also quite fun because

is one of the longest-standing partners we have in the fund, in the Norwegian

Someone Wealth Fund.

We have relationships going back to, you know, roughly 25 years.

Yeah, I know, so it's a great privilege to run money for you.

Yeah, absolutely.

So what's the, you know, only 45 out of 1 million companies exist for 100 years and

you've been doing it for 200 years.

What's the trick?

So I think the key is committed ownership. We've got a family backing who takes a 20-year

view of where we need to go. And because of that, the business has changed and evolved.

And we've been in lots of different businesses in the finance sector throughout that time,

but we've continued to change. And I think that's only possible

if you've got a committed long-term ownership structure which allows that change. If we do the last 10

years, what are the biggest changes you've seen in investment management? Huge. So massive growth

of passive management, huge growth towards privates, a collapse in fees.

So just for the listeners, private is like private equity, passive is index funds.

Absolutely, and private debt.

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