Schroders, the UK listed asset manager that saw profits rise in 2017 on the back of a string of acquisitions, wants to do more M&A to expand in alternative assets, its chief executive said.

Schroders, which today reported a 23% rise in pre-tax profit to £760.2m, and a 13% increase in assets to £447bn, is enjoying the fruits of acquisitions made by Peter Harrison, who took over as CEO in 2016.