People Moves

Multi-Asset Head Leaves Schroders, Unit Breaks Up

Amisha Mehta, Deputy Editor, London, 24 June 2016


The London-listed investment house has restructured its £78 billion multi-asset investments and portfolio solutions (MAPS) team.

Schroders has split its multi-asset investments and portfolio solutions business into two separate units following the departure of Nicolaas Marais.

Marais, head of Schroders' multi-asset investments and portfolio solutions team, joined the firm in 2011 from BlackRock’s multi-asset client solutions group, where he was global head of active portfolio management.

Johanna Kyrklund, who has been with the firm for nine years, has been appointed global head of multi-asset investments. Based in London, she will retain her role as head of the global asset allocation committee. Her team will continue to manage flagship income, diversified growth and real return strategies while developing advanced beta capabilities.

Meanwhile, John McLaughlin and Andrew Connell have been appointed to co-lead the portfolio solutions team. They will focus on areas including liability-driven investment, advanced bond beta, fiduciary management and global strategic solutions.

“As individual areas, they have enormous potential and are important drivers of growth for our business,” said Schroders' group chief executive, Peter Harrison. He took the helm in March, replacing Michael Dobson, who stood down after 15 years.

“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.”

In May, among other senior moves at Schroders, Andrew Ross became global head of wealth management.

Schroders manages around £324.9 billion ($466.9 billion) of assets on behalf of clients including pension funds, banks, governments, charities, high net worth individuals and retail investors.

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