Peter Harrison, the new chief executive of Schroders, used his first results presentation this morning to set out his plans for the company's long-term growth, rejecting "pessimism" about the future of the asset management industry.

Harrison set out the firm's plans to roll out new funds and products for insurance clients and in fiduciary management; and to grow its fixed-income franchise, by promoting new offerings in asset-backed securities and annuity buyouts for pension funds.