Mark Humphreys left Schroders where he was head of fiduciary management, a spokeswoman said.
Mr. Humphreys, who joined Schroders' strategic solutions team in August 2007, was appointed in January to the new position of head of fiduciary management to lead a new team offering outsourced CIO services.
The spokeswoman said Mr. Humphreys' responsibilities have been absorbed by the existing fiduciary management team, which reports to Neil Walton, head of global strategic solutions.
In an e-mail, she added that Mr. Humphreys has left the £348.8 billion ($455.8 billion) money manager to pursue opportunities outside the firm. Further details could not be learned by press time.
Mr. Humphreys “has made a strong contribution to the U.K. institutional business over the past nine years, initially supporting the growth of our (diversified growth fund) and LDI strategies and latterly laying the foundations for Flight Path Swift and the new fiduciary management business. We would like to thank (Mr. Humphreys) for his contribution and wish him well for the future,” she said in the e-mail.
Separately, Schroders appointed Jon Exley as a senior investment strategist, a new position. Mr. Exley will operate across a variety of client channels, including insurance and defined contribution, and engage on investment issues including liability-driven investment, portfolio construction and equity hedging, the spokeswoman said.
Mr. Exley will leave his current role at KPMG, where he is an investment advisory partner. “We can confirm that (Mr. Exley) will be leaving KPMG though his departure will not be for some time,” said Nick Evans, pensions partner at KPMG, in a statement provided by a spokeswoman for the firm. “A replacement will be announced in due course. We wish (him) the best in his new role in asset management. He leaves the KPMG investment advisory team in great shape following years of growth and we thank him for his service and contribution during his time with us.”