As the group head of private banking, Mallinckrodt will take direct responsibility for private banking in London with immediate effect.
Mallinckrodt succeeds Rupert Robinson, who had joined Schroders in 2002 from Beaumont Capital LLP, a specialist wealth management firm.
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Robinson had come on board at the private bank as a managing director and head of investment within private banking.
A spokesperson of Schroders said, "We can confirm that Rupert Robinson has decided to leave Schroders to pursue other interests outside the firm. Philip Mallinckrodt, group head of private banking, will take direct responsibility for private banking in London with immediate effect."
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