Schroders has appointed Andrew Shiels as chief risk officer for its private banking and wealth management team on a consultancy basis.

In his new role, Shiels will be responsible for developing the risk management framework within this division.

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He will be responsible for overseeing the operations in London, the Channel Islands, Zurich and Singapore.

Most recently, Shiels served as a conduct risk implementation director for Lloyds banking group.

Prior to Lloyds, Shiels worked with at KPMG and at Standard Life.

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