London-based fund manager Schroders is the latest to consider a round of job cuts as the asset management industry readjusts to cope with leaner times. Like many of its rivals, the company has suffered a slowdown in profits and has acknowledged the need to trim costs.

Up to 50 jobs at the company's London office are understood to be at risk, with affected staff receiving notification this week. Schroders employs 2,300 staff in London and 3,000 worldwide.