Menu Close

Exclusive: Schroders names co-heads of investments amid a raft of senior changes

view original post

Schroders has appointed CIO Johanna Kyrklund and equities chief Rory Bateman as co-heads of investments, as part of group leadership changes.

The duo will drive the firm’s investment strategy using their combined expertise and leadership across equities, fixed income and multi-assets.

Speaking to Citywire Selector Schroders CEO Peter Harrison said the firm defined a simplified management structure and how to bring diverse talent through the ranks back in November.

‘Clearly the business has grown considerably and we have to be agile, given how much the market is moving all the time,’ he said. 

Harrison said Kyrklund will continue to contribute her fixed income and multi-asset expertise, while Bateman will spearhead equities and quant capabilities.

He added that a number of businesses within the firm will now be brought closer to the centre. This means quant expertise will sit within a wider equity remit. 

In a similar way the alternatives third-party fund platform GAIA will be brought closer to the firm’s wider alternatives business.

Focus on solutions  

Another senior change is the promotion of current global head of investment Charles Prideaux to the role of global head of strategy and solutions.

He will now take charge of global solutions, overseeing the integration of Schroders’ acquisition of River & Mercantile’s solutions division, as well as corporate development and relationships with key partners. 

Harrison said Schroders will grow its solutions business and this will sit between the firm’s investment and distribution operations.

As part of the changes, Carolina Minio-Paluello, global head of product solutions and quant, will be leaving the firm. 

Minio-Paluello said: ‘I am passionate about the positive impact investors can have by directing capital to tackle the mounting climate change challenges and how we can harness solutions leveraging the digital revolution.

‘As I leave the firm to allow me more time to pursue my passion in these areas, I am confident that Schroders will continue to be a leader in the field and deliver for our clients.’

Senior moves

Amid wider changes, head of multi-asset strategy Lesley-Ann Morgan will take on the additional role of CEO, Schroder Unit Trusts, subject to regulatory approval.

Elsewhere Karine Szenberg, Schroders head of Europe, the Middle East and Africa, has been promoted to a global role to include marketing, communications and product.

Global head of marketing and communications, Beth Saint, has been promoted to Schroders’ group management committee to reflect the growing strategic importance of digital client acquisition as a source of future growth.

Lastly, Phil Middleton, head of institutional North America, has been promoted to head of North America and will join Schroders GMC.  

Marc Brookman, CEO North America, will leave the firm to pursue other opportunities.