Schroders has promoted Johanna Kyrklund and Rory Bateman to co-heads of investment as part of a bid to simplify the FTSE 100 firm’s management structure.
Kyrklund, group chief investment officer and global head of multi asset, and Bateman (pictured), global head of equities, were among seven individuals to be promoted to new roles in the management shakeup.
Group chief executive Peter Harrison said the changes were made to “nurture our existing talent and develop a simplified management structure”.
Under the revamped structure, head of multi-asset strategy Lesley-Ann Morgan will assume the additional role of CEO of Schroders’ unit trusts business, while head of Emea Karine Szeneberg will take up a global role, which includes marketing, communications and product within her remit.
Global head of investment Charles Prideaux will advance to global head of strategy and solutions, where he will oversee the integration of River and Mercantile’s solutions division, which Schroders scooped up for £230m in December.
Former head of UK intermediary Phil Middleton, who transferred to the US to become head of institutional in 2020, now becomes head of North America. Middleton joins Schroders’ group management committee as does Beth Saint, global head of marketing and communications, a move the firm said recognises “the strategic importance of digital client acquisition as a source of future growth for the firm”.
Following the shake-up, Schroders said Carolina Minio-Paluello, global head of product solutions and quant, and Marc Brookman, CEO North America will leave the business.
Harrison thanked Minio-Paluello for her work in “laying the foundations for us to move to a more streamlined management structure,” as well as her contributions to the firm’s quant strategies, natural capital and climate solutions and Schroders’ diversity and inclusion efforts.
He added Brookman “leaves the business well positioned for the future” having driven record flows, revenues and assets at Schroders’ North American business.
