Schroders reportedly looking to offload Indonesian unit

(Sharecast News) - UK-based asset manager Schroders is reportedly looking to sell its Indonesian business as it considers exiting some sub-scale markets under new boss Richard Oldfield. After several disappointing results Oldfield is attempting to turn the company around by offloading underperforming units, the Reuters news agency reported citing two unnamed sources with knowledge of the matter.

Reporting by Frank Prenesti for Sharecast.com