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<p><strong>Schroders, one of the world’s biggest asset management companies, is eyeing the digital asset market.</strong></p>
<h2 style="text-align: center;" id="expansion">Expansion</h2>
<p>Schroders, the £738 billion ($916 billion) asset manager, is <a href="https://schroders.referrals.selectminds.com/careers/jobs/custodian-oversight-specialist-%E2%80%93-12-month-ftc-secondment-opportunity-broadlands-5813" target="_blank" rel="noopener">reportedly</a> seeking a third-party custodian for cryptocurrencies as it plans to expand into digital assets. Zodia Custody Ltd., majority-owned by Standard Chartered Plc, is among the companies shortlisted by Schroders as potential suppliers.</p>
<h2 style="text-align: center;" id="schroders-8217-move-into-digital-assets">Schroders&#8217; Move into Digital Assets</h2>
<p>While Schroders currently has no direct exposure to cryptocurrencies, the London-based company made a strategic move into the sector in July last year by acquiring a minority stake in digital asset manager Strong. The aim was to provide customers with access to Forteus capabilities, as stated by CEO Peter Harrison. The company expressed interest in the transformative potential of blockchain technology and indicated its intention to understand the infrastructure required to support digital asset classes.</p>
<h2 style="text-align: center;" id="seeking-a-custodian-for-cryptocurrencies">Seeking a Custodian for Cryptocurrencies</h2>
<p>Schroders is now exploring options to hire a third-party custodian for cryptocurrencies. This move aligns with its plan to expand into digital assets. Zodia Custody Ltd., which is majority-owned by Standard Chartered Plc, is reportedly on the shortlist of potential suppliers.</p>
<h2 style="text-align: center;" id="custodian-oversight-specialist-role-at-schroders">Custodian Oversight Specialist Role at Schroders</h2>
<p>In a separate section, Schroders is seeking a Custodian Oversight Specialist responsible for managing and developing the service provision of external counterparties to Operations teams. The specialist will monitor performance, ensure adherence to service level agreements, and collaborate with internal and external stakeholders to understand industry and regulatory changes. They will also handle issue escalation, resolution, and act as a point of contact for both internal staff and external counterparties.</p>
<h2 style="text-align: center;" id="about-schroders">About Schroders</h2>
<p>Schroders is a global investment manager with a history spanning over 200 years. The company operates across six continents, employs around 5,000 people, and adapts to changing societal and technological landscapes. Schroders is committed to helping clients and society prosper by assisting them in meeting their investment goals and preparing for the future.</p>
<h2 style="text-align: center;" id="requirements-for-the-custodian-oversight-specialist-role">Requirements for the Custodian Oversight Specialist Role</h2>
<p>The company lists the necessary qualifications and experience for the Custodian Oversight Specialist role. This includes prior operational experience in Financial Services Operations, knowledge of custodial functions performed by asset managers, understanding of major aspects within Financial Services Operations, and excellent communication skills. The specialist should possess interpersonal and problem-solving abilities, be self-managing, adaptable to change, and have a strong focus on teamwork and continuous improvement.</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Curious about what life is like at <a href="https://twitter.com/hashtag/Schroders?src=hash&amp;ref_src=twsrc%5Etfw">#Schroders</a>? It&#8217;s a global adventure from London to Singapore. We talked to 18 people in 10 offices to find out what working at Schroders means to them. Plus, what can we learn from the Black Redstart? View the full video: <a href="https://t.co/WbDoWHLCjm">https://t.co/WbDoWHLCjm</a> <a href="https://t.co/o9DHiFkTAM">pic.twitter.com/o9DHiFkTAM</a></p>
<p>— Schroders (@Schroders) <a href="https://twitter.com/Schroders/status/1664648063288332288?ref_src=twsrc%5Etfw">June 2, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 style="text-align: center;" id="summary">Summary</h2>
<p>Schroders&#8217; exploration of hiring a third-party custodian for cryptocurrencies demonstrates its intention to expand into the digital asset space. The move aligns with the company&#8217;s recognition of the <a href="https://walletinvestor.com/magazine/new-financial-platform-gives-traders-and-investors-a-crucial-advantage" target="_blank" rel="noopener">transformative potential</a> of blockchain technology and its commitment to understanding the infrastructure required to support digital asset classes.</p>

Schroders Explores Crypto Custodian Options for Digital Asset Expansion

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