Schroders plc is an asset management company. The Company’s segments include Asset Management, Private Banking, Private Equity and Group. Asset Management comprises investment management, including advisory services, property, life company business and alternative assets. Private Banking includes investment management and banking services provided to high-net-worth individuals and certain smaller institutions. Private Equity comprises the Company’s investments in private equity, venture and buy-out funds and related vehicles. During the year ended December 31, 2008, the Company operated from 34 offices in 26 different countries across Europe, the United States, Asia and the Middle East. On February 29, 2008, it acquired the Singapore-based private client advisory unit of The Commonwealth Bank of Australia. On May 30, 2008, the Company acquired Swiss Re Asset Management Funds (Switzerland) AG. On September 30, 2008, it acquired E.Sun Securities Investment Trust Co. Ltd.