British fund manager Schroders has named Guy Henriques as the country head for its UK business.

Henriques has been serving as the country head of Japan at Schroders from 2012 to August 2016.  Before that, he was the firm’s global head of official institutions in London and then in Hong Kong, where he also managed the firm’s Asia Pacific Institutional business.

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Henriques will be responsible for the firm’s UK intermediary and institutional channels, as well as will head the firm’s Latin America operations in Argentina, Brazil, Chile and Mexico.

Schroders global head of distribution John Troiano said: “The changing dynamics of the UK market place and continued convergence of both the intermediary and institutional channels, specifically in the defined contribution and insurance areas, has meant that now is the right time for our business to appoint a Country Head for the UK that will lead and grow both channels.”

Meanwhile, Robin Stoakley, the managing director of UK intermediary at Schroders, has decided to step down from his role.

Stoakley’s role will be jointly taken over by head of UK financial institutions and strategic accounts James Rainbow, and head of UK intermediary business development Phil Middleton.

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Stoakley will remain at the firm, managing the firm’s relationships with global financial clients and developing its presence in South Africa.

“Robin has built and led our successful and highly-regarded UK Intermediary business for the last 15 years. He now hands it on to James Rainbow and Philip Middleton whose tenure and experience with the firm means they are well placed to lead this business,” Troiano said.

Henriques and Stoakley will both report to Troiano, while Rainbow and Middleton will report to Henriques.