Marc Mayer was named head of institutional, North America, at Schroder Investment Management North America, according to spokeswoman Melanie Blanco.
The position is new. Mr. Mayer will be responsible for leading Schroders' institutional business initiatives. He will report to Karl Dasher, Schroders CEO of North America.
Mr. Mayer was a private investor, he said in an interview. Prior to that, he was CEO of GMO. He was replaced by Brad Hilsabeck in June 2011.