The firm has confirmed to this publication that while Mallinckrodt has today taken on Robinson's previous responsibilities, the pair are still working together in the London office so as to ensure a smooth handover of duties.

Robinson joined Schroders as a managing director and head of investment within private banking from Beaumont Capital in 2002. Before that, he spent 17 years at N M Rothschild & Sons.

(To view an interview late last year with Robinson by this publication, click here.)

Meanwhile, Mallinckrodt started his investment career in 1985 at Credit Suisse First Boston, based in London and Zurich. He joined Schroders in 1994 and between 2000 and 2002 worked for Schroder Salomon Smith Barney. He returned to Schroders in 2002 and served as head of corporate development until 2007.  

In other recent moves, last week Schroders hired Kevin Kneafsey as senior advisor to its multi-asset investment and portfolio solutions business, which has around $60 billion in assets under management. He will be based in the US, supporting Nico Marais, head of multi-asset investment and portfolio solutions.