Schroders : focuses on promoting talent in 2022

Schroders is today announcing some changes to our group-wide leadership team that promotes internal talent and enables us to better meet the evolving needs of our clients.

Peter Harrison, Group Chief Executive commented:

"The past five years have been hugely successful for our business, several key acquisitions have been undertaken and we have seen ever more client demand for the market-leading investment strategies across our many asset classes. As we move into a new year, our focus has been to nurture our existing talent and develop a simplified management structure, to ensure we continue to remain relevant for our clients and deliver their investment needs."

Johanna Kyrklund, Group Chief Investment Officer & Global Head of Multi Asset and Rory Bateman, Global Head of Equities will be promoted to Co-Heads of Investment. Their combined expertise and leadership will continue to deliver on our investment strategy and drive the pace of change needed to remain relevant to our clients.

Karine Szenberg, Head of EMEA, has been promoted to a global role to include Marketing, Communications and Product within her remit.

Global Head of Marketing and Communications, Beth Saint, has been promoted to Schroders Group Management Committee (GMC) recognising the strategic importance of digital client acquisition as a source of future growth for the firm.

Head of Multi-Asset Strategy, Lesley-Ann Morgan, will take on the additional role of Chief Executive Officer, Schroder Unit Trusts Limited, subject to regulatory approval.

Charles Prideaux, Global Head of Investment, will become Global Head of Strategy and Solutions. In this new role, Charles will be responsible for global solutions, overseeing the integration of Schroders acquisition of the River & Mercantile Solutions division,as well as corporate development and relationships with key partners.

Phil Middleton, Head of Institutional North America, who moved to the US from the UK, where he was Head of Intermediary, has been promoted to Head of North America. Phil will join Schroders GMC.

As part of this new simplified structure for the firm, Carolina Minio-Paluello, Global Head of Product Solutions & Quant, and Marc Brookman, CEO North America, will leave the firm to pursue other opportunities.

Peter Harrison, Group Chief Executive commented:

"I would like to personally thank Carolina for the work she has done in laying the foundations for us to move to a more streamlined management structure. She has made an excellent contribution to the firm, particularly around the strategic and commercial development of our quant strategies. She has been instrumental in our sustainability journey and has driven the vision for natural capital and climate solutions. Carolina has also embraced and led several of our Diversity and Inclusion efforts. I wish her the very best for the future.

"I would also like to thank Marc for the contributions he made in laying the strong foundations for the firm's continued growth. Under his leadership, the North American business saw record flows, revenues and assets and he leaves the business well positioned for the future."

Carolina Minio-Paluello commented:

"I have enjoyed helping Schroders articulate and execute the vision of the firm's product strategy as a leader in sustainability. 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."

Marc Brookman, outgoing CEO North America commented:

"I have truly enjoyed my time at Schroders and building the North American business has been both a challenge and an honour and I look forward to working with Phil Middleton on the leadership transition. I am a strong believer in keeping a client centric approach which focuses on the needs of investors. Seeing the strong business growth using this ethos has made me proud of what we have collectively achieved. I know the team will continue to deliver differentiated propositions and outstanding service to our clients."