Schroders PLC CEO Peter Harrison's biggest risk wasn't a market bet. He plunged into the unknown from a plane at 15,000 feet last month.
Mr. Harrison was joined by Schroders fund managers and heads of business development, operations and governance as they free-fell in tandem with a skydiving instructor for 60 seconds before parachuting to the ground above Northamptonshire on May 11.
The effort was in support of U.K. money management industry charity CASCAID's target of donating £1 million ($1.3 million) to Great Ormond Street Hospital, a children's hospital.
The group — which included Phil Middleton, head of U.K. intermediary business; Rory Bateman, head of equities; Anna O'Donoghue, head of operations and governance; and Lesley-Ann Morgan, head of multiasset strategy — so far has raised almost £110,000.
The hospital will use the funds to build a cardiac catheter lab to diagnose and treat children with complex heart conditions.
"This was a fantastic and, at times, terrifying experience for all of us!" Mr. Middleton said in an emailed comment. "But, most importantly, we are so happy to have helped raise a significant amount of money for such a great cause."
"Hopefully, we'll continue to see further donations towards CASCAID's aim of raising as much money as possible for Great Ormond Street Hospital," he added.
