UK fund manager Schroders has appointed its Asia Pacific Chief Executive Officer Lieven Debruyne as global head of distribution, one of several changes to the company’s senior line-up, including filling the long-vacant role of group chief investment officer and creation of a new global head of investment post.
Mr. Debruyne will succeed John Troiano, who is retiring at the end of the year after 38 years with Schroders.
"Lieven will continue in his position as CEO of Asia Pacific until a successor is appointed. At that time Lieven will relocate from Hong Kong to London," Schroders says in a statement on September 5.
A company spokesperson tells Asia Asset Management that the search for Mr. Debruyne’s successor is already underway and an announcement will be made in “due course”.
Meanwhile, Schroders named Johanna Kryklund as group CIO, on top of her current role as global head of multi-asset investments. The position has been vacant since October 2014, when the last CIO, Alan Brown, retired.
"Johanna’s deep multi-asset investment experience, client insights and involvement with many internal strategies as an investor, as well as her collaborative leadership approach, means she is a natural fit for the role of group CIO," Schroders says.
Charles Prideaux, who was the global head of product and solutions, has been named global head of investment.
His previous role has been absorbed into a broader head of product, solutions and quant position, for which Schroders has hired Carolina Minio-Paluello, the former global head of solutions at Geneva-based Lombard Odier Investment Managers.
According to Schroders Group Chief Executive Peter Harrison, the changes will "enhance our ability to meet clients' demands by developing innovative investment strategies” and leverage the company’s “market-leading” environmental, social and governance, data insights and quant capabilities.
"Schroders has grown rapidly over the past three years and now is the time to evolve further our investment business to ensure we are well-positioned to continue this progress," Mr. Harrison says in the statement.
London-based Schroders had US$565.5 billion of assets under management as at June 30, 2019.