This publication carries the latest stories on moves within the global wealth management industry.

UK-based Schroders has hired Clara Yan from UBS in the newly-created role of insurance asset/liability management director.

She will be based in London as part of Schroders' 15-strong insurance asset management team. She will report to Paul Forshaw, head of insurance asset management. In her role she will be working with Schroders’ insurance clients to develop capital efficient investment solutions.

Previously, Yan worked for six years at the investment banking arm of UBS with UK and European insurance clients on asset and liability management issues. She also has experience as a senior asset/liability strategist at Legal & General, where she helped build its ALM model and manage its balance sheet. Yan is a qualified actuary in the UK and Australia and has more than 15 years’ experience in the insurance and pensions industry.

“Schroders has built a successful insurance solutions business over the past few years by providing the fresh thinking required to overcome the complex regulatory, capital and ALM challenges that insurance companies face in an ultra-low yield environment. Clara has extensive life insurance and investment banking experience. Her ability to understand investment challenges from an insurance company perspective will add value to our dialogue with insurance clients as we broaden and deepen our solutions business,” said Forshaw.

Schroders has more than £50 billion ($77.8 billion) of assets under management on behalf of its insurance clients globally, while the total assets under management were £319.5 billion as of 31 March 2015.