Schroders, the global investment management firm, has today announced a series of promotions in its global Client Group, enhancing its client-first culture and commitment to its people.
Chris Durack, Head of Asia Pacific, and Karine Szenberg, Head of Europe and Global Head of Product & Marketing, have been appointed Co-Heads of its Client Group. Both Durack and Szenberg are internal promotions and will report to Group Chief Executive, Peter Harrison.
In their new roles, Durack and Szenberg will be responsible for leading the Client Group and driving growth across the business. They will work closely with the investment teams with the aim to deliver the best investment outcomes for clients, and collaborate across the business to provide superior support to clients. Karine and Chris will retain overall responsibility for their regions.
In order to bring more specialist expertise to focus areas for clients, Schroders has also made a series of internal promotions to the global senior leadership of the Client Group.
Katherine Cox, currently Asia Pacific Head of Strategic Clients, Product & Private Banks has been appointed Global Head of Long-term Asset Owners to focus on delivering superior service to official institutions, sovereign wealth funds and endowments.
Carla Bergareche is the Global Head of Wealth, Client Group focused on clients including wealth managers, financial advisers and platforms. Lesley-Ann Morgan becomes the Global Head of Pensions and Retirement, Client Group, and David White is the Global Head of Insurance, Client Group, alongside his responsibilities as Chief Executive Officer, Benchmark Capital.
Szu Yi Chin, currently Head of Client Group, Asia Pacific, has been appointed Head of Wealth, Asia Pacific, focusing on wealth managers, financial advisers, platforms and private banks as well as overseeing product. Both Katherine Cox and Szu Yi Chin will continue to be based in Singapore.
Schroders’ regional structure remains critical to supporting its diverse client base and understanding of the nuances of local markets. To reflect this, we have aligned our local teams in Asia as follows:
Lily Choh, currently CEO, Singapore, takes on a new, broadened role as Head of South Asia, which includes Singapore, Malaysia, Thailand and Indonesia. She will also represent Schroders in its Axis joint venture in India. Gopi Mirchandani, currently CEO, Hong Kong and Head of Strategy, APAC, has been appointed to the expanded role of Head of North Asia, which includes Hong Kong, Taiwan, Korea and Japan. She will retain her role as Head of Strategy, APAC.
In recognition of the strategic importance of the Chinese market to Schroders, David Guo, Head of China, will continue to report directly to Chris Durack.
In the Australian market, Simon Doyle, Head of Australia and CIO, will continue to report directly to Chris Durack.
Peter Harrison, Group Chief Executive, Schroders, commented:
“Schroders’ 200 year history rests upon a consistent practice of understanding our clients and putting their interests first. Our growth in recent years has led to a broader client base, with different segments requiring increasingly sophisticated, specialist solutions. Today’s announcements strengthen our client-first culture. The individuals leading this next phase of our evolution share a core set of skills: specialist expertise, commercial acumen and regional insight. They are all internal appointments, and I’m delighted that we have been able to draw on the incredible talent pool we have nurtured at Schroders.”
Chris Durack, Co-Head of Client Group, Schroders commented:
“It is a privilege to lead the Client Group alongside Karine Szenberg in our new roles as Co-Heads. This is an exciting time as we move towards an even more client-focused way of working to drive growth across the business. I look forward to delivering our innovative solutions, specialist expertise and distinctive offerings to our clients with our talented teams across the globe at Schroders.”
For further information, please contact:
Tel: +65 8814 4903
Schroder Investment Management (Singapore) Ltd
Tel: +65 6800 7397
About Schroders Plc
Founded in 1804, Schroders is one of Europe’s largest independent investment management firms by assets under management. As at 31 December 2022, assets under management were £737.5 billion (€831.3 billion; $887.2 billion). The founding family remain a core shareholder, holding approximately 44% of the firm’s shares. Schroders has continued to deliver strong financial results. It has a market capitalisation of circa £7 billion and employs over 6,100 people across 38 locations.
Schroders has benefited from the most diverse business model of any UK asset manager by geography, asset class and client type. Schroders offers innovative products and solutions across its five business areas of solutions; institutional; mutual funds; private assets & alternatives; and wealth management. Clients include insurance companies, pension schemes, sovereign wealth funds, endowments and foundations. They also manage assets for end clients as part of their relationships with distributors, financial advisers and online platforms. Schroders’ Wealth Management offering reflects its strategic ambition to provide wealth management and financial planning services to clients across the wealth spectrum.
Schroders’ strategic aims are to grow their asset management business, build closer relationships with end clients and expand their private assets and alternatives business. Schroders’ purpose is to provide excellent investment performance to clients through active management. The business channels capital into sustainable and durable businesses to accelerate positive change in the world. Schroders’ business philosophy is based on the belief that if we deliver for clients, we deliver for Shareholders and other stakeholders.
This is prepared by Schroders for information and general circulation only, and the opinions expressed are subject to change without notice. It does not constitute an offer or solicitation to deal in units of any Schroders fund and does not have regard to the specific investment objectives, financial situation or particular needs of any specific person who may receive this.