British fund manager Schroders has announced the overhaul of its group-wide leadership team, involving several internal promotions and the exit of two senior executives.
As part of restructure, the firm is set to elevate group CIO Johanna Kyrklund and global head of equities Rory Bateman as the new co-heads of Investment.
Additionally, it promoted EMEA head Karine Szenberg to a global role covering marketing, communications and product.
Schroders global head of Marketing and Communications Beth Saint was added to the group management committee (GMC) as part of the firm’s increased focus on digital client acquisition.
Lesley-Ann Morgan, currently head of Multi-Asset Strategy, will also assume the role of Schroder Unit Trusts CEO, subject to regulatory approval.
Schroders global head of Investment Charles Prideaux is now appointed as the firm’s global head of Strategy and Solutions.
Prideaux will be responsible for global solutions, overseeing the integration of River & Mercantile Solutions division to Schroders. He will also focus on the firm’s corporate development and relationships with key partners.
Phil Middleton, who is currently Institutional North America head, is promoted as head of North America. Middleton will be part of Schroders GMC.
Schroders global head of Product Solutions & Quant Carolina Minio-Paluello and North America CEO Marc Brookman will exit the firm to pursue other opportunities.
Schroders Group CEO Peter Harrison said: “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.
“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.
“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.”