Sam Hallinan will join Schroders Investment Management Australia in Sydney in early April as country head and CEO, Australia.
Mr. Hallinan will replace Chris Durack in that role. Mr. Durack will retain his other title of co-CEO APAC and continue to have oversight of Schroders' Australian business as part of his regional responsibilities, according to a news release Wednesday.
Mr. Hallinan joins from Nikko Asset Management where he has been managing director of the firm's Australian business since 2015. A spokeswoman for Nikko said Peter Lynn, chief operating officer of Nikko's Australian business, has been named acting managing director of the business. She couldn't immediately confirm whether a search is underway to find a permanent replacement.
A spokeswoman for Schroders said the firm was managing A$34.1 billion ($26.1 billion) on behalf of Australia-based clients as of Jan. 31. The Schroders news release said the firm had $693.3 billion in client assets globally as of Sept. 30, 2020.
