Sharon L. Haugh, chairwoman of Schroder Investment Management North America, was asked to leave the firm yesterday, according to industry sources. A spokesman from Schroders London headquarters, who asked not to be identified, confirmed that Ms. Haugh, a veteran of Schroders for nearly 20 years, is on leave and the firm "is talking to her about her departure. The spokesman would not say when Ms. Haugh went on leave, when she will be leaving the company or why she is being asked to go.
Michael Dobson, Schroders new global CEO, also declined to give a reason for Ms. Haughs departure, calling the matter "internal. John Troinaw, deputy chair, executive director and head of the groups North American institutional group business, will replace Ms. Haugh, Mr. Dobson said.
Mr Dobson also expressed strong confidence in John Ford, the firms CEO for North America, who has been in that role for about a year and has been with the company for 15 years.
Ms. Haugh received the Richard A. Lothrop Award for outstanding achievement by the Association of Investment Management Sales Executives just two weeks ago.