Schroders is creating two separate investment teams within its multiasset investments and portfolio solutions business, following a decision by the head of that business to leave.
Nico Marais, head of multiasset investments and portfolio solutions, has decided to leave the firm, and he will not be replaced, a Schroders spokeswoman confirmed.
Schroders will create two distinct investment teams from its existing business, with the aim of giving each individual area space to grow further. The multiasset business has £80.8 billion ($115.2 billion) in assets under management.
Multiasset investments will be led by Johanna Kyrklund, global head of multiasset investments. The team will focus on multiasset investing, with an emphasis on dynamic asset allocation and portfolio construction. The spokeswoman confirmed that Schroders’ income, diversified growth and real-return strategies will fall under this unit, as well as the development of the firm’s advanced beta capabilities. Ms. Kyrklund will continue to lead the global asset allocation committee.
The second unit, portfolio solutions, will focus on creating solutions and partnerships with clients, which the firm said is a strategic area of growth. John McLaughlin, head of portfolio solutions, and Andy Connell, head of portfolio solutions, will co-lead that team. This unit encompasses liability-driven investment, risk-managed investments, advanced bond beta, fiduciary management and global strategic solutions.
“We have growth ambitions for multiasset investments and portfolio solutions,” said Peter Harrison, group CEO, in a statement Thursday. “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.”