British fund manager Schroders has decided to split the leadership of its multi-asset and portfolio solutions business, following the departure of the business’ head Nico Marais.
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Instead of replacing the role of Marais, who joined Schroders in March 2011, the firm has now decided to create two separate investment teams within the multi-asset investments and portfolio solutions business.
The move is aimed at supporting the growth potential of these individual areas, Schroders said.
The new multi-asset unit will be led by Johanna Kyrklund and will focus on multi-asset investing, with an emphasis on dynamic asset allocation and portfolio construction. The unit will manage the firm’s flagship income, diversified growth and real return strategies and advanced beta capabilities.
Kyrklund will also continue to spearhead the firm’s global asset allocation committee.
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By GlobalDataThe portfolio solutions unit will focus on creating solutions and partnerships with clients. Co-led by John McLaughlin and Andy Connell, the unit will manage liability-driven investment, risk-managed investments, advanced bond beta, fiduciary management and global strategic solutions.
Schroders group CEO Peter Harrison said: "We have growth ambitions for multi-asset investments and portfolio solutions. As individual areas, they have enormous potential and are important drivers of growth for our business.
"Our clients increasingly want tailored solutions that can help them achieve their financial goals. This simplified structure will allow each team to focus on their core strengths, expand their capabilities and design solutions for our clients’ specific requirements."
