Global Equities senior hire announced
Schroders is today announcing the appointment of Frank Thormann to the position of Portfolio Manager in the Global Equities team.
Frank joins Schroders from Frankfurt-based Union Investment where he was a global portfolio manager and brings with him 17-years buy-side investment experience. Having initially focused on the North American component of Union’s Concentrated Global Equity portfolios, he assumed overall portfolio management responsibility for the UniFavorit Concentrated Global Equity Fund in early 2010. The fund achieved a five-star rating from Morningstar during his tenure. The strategy grew in assets from EUR190mn, at the time of Frank’s appointment, to more than EUR 2bn today.
Before joining Union Investment in 2008, Frank worked at American Century Investments in Kansas City, USA where he was a multi-industry analyst for the American Century Ultra Fund, as well as for the AC Select Equity Fund.
Alex Tedder, Head of Global Equities, commented:
“Frank is a strong investor with a proven track record founded on an intimate knowledge of the US equity market, a significant constituent of our global equity portfolios. He is a genuine stock picker with an investment approach that is entirely complementary to that of the team. He is a great addition to our existing capability.”
Frank will report to Alex Tedder, Head of Global Equities. Alex joined Schroders in August 2014 from American Century. In that time he has made a number of significant enhancements to the investment process, including several new hires and a more systematic application of the investment philosophy. All of these improvements have resulted in strong positive relative returns, gross of fees, across the team's portfolios over the 3-year period ending August 2017*.
*Source: Schroders - relative returns assume gross of fees performance of strategy composites versus their respective benchmarks.
For further information, please contact:
Estelle Bibby, Senior PR Manager Tel: +44 (0)20 7658 3431 / email@example.com
Andy Pearce, PR Manager Tel: +44 (020 7658 2203 / firstname.lastname@example.org
Note to Editors
For trade press only.
To view the latest press releases from Schroders visit:
Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested.
As a global investment manager, we help institutions, intermediaries and individuals across the planet meet their goals, fulfil their ambitions, and prepare for the future. But as the world changes, so do our clients’ needs. That’s why we have a long history of adapting to suit the times and keeping our focus on what matters most to our clients.
Doing this takes experience and expertise. We bring together people and data to spot the trends that will shape the future. This provides a unique perspective which allows us to always invest with conviction. We are responsible for £418.2 billion (€476.3 billion/$543.3 billion)* of assets for our clients who trust us to deliver sustainable returns. We remain determined to build future prosperity for them, and for all of society. Today, we have 4,100 people across six continents who focus on doing just this.
We are a global business that’s managed locally. This allows us to always keep our clients’ needs at the heart of everything we do. For over two centuries and more than seven generations we’ve grown and developed our expertise in tandem with our clients’ needs and interests.
Further information about Schroders can be found at www.schroders.com.
Issued by Schroder Investment Management Ltd., which is authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our alerting service.
*as at 30 June 2017