Schroders strengthens Fiduciary Management business development team amid growing outsourcing opportunities

Schroders today announces it has strengthened its Fiduciary Management (FM) team, with the appointment of a specialist business development director to help meet clients’ outsourcing investment objectives.

David Thomas has joined from Goldman Sachs Asset Management (GSAM) as Fiduciary Management Business Development Director. He was most recently a VP in GSAM’s UK & Irish Institutional Client Business and Head of FM Sales for UK Institutional, having worked at the business for 14 years.

In this newly-created role, David will report into Claire Glennon, Schroders Co-Head of UK and Ireland Institutional.

Schroders has been focused on growing its FM offering, having announced earlier this year it had been appointed as Fiduciary Manager to the pension fund of Howard de Walden, the property management specialist responsible for a diverse range of property in the Marylebone area of London.

Schroders’ FM team aims to meet clients’ required long-term funding objectives. It is part of Schroders’ Solutions division which works closely with clients and their advisors to develop tailored investment solutions.

Claire Glennon, Co-Head of UK and Ireland Institutional, commented:

“David brings a considerable amount of institutional and FM experience to the role. He will help lead the business as we continue to focus on growth and meeting the complex investment needs of our clients. This appointment further reinforces our ongoing commitment to the FM space.”

Ross Pritchard, Head of Fiduciary Management and Liability Solutions, Schroders, commented:

“FM is a hugely significant business focus across the institutional asset management market. Indeed, at the heart of our proposition is the effective delivery of investors’ long-term funding objectives. David has developed invaluable institutional relationships and deep technical knowledge across all asset classes and is expertly positioned to support our intentions in this space.”

A recent survey by investment adviser, IC Select, in which Schroders participated, found that  the average size of a pension scheme taking on a fiduciary manager had increased by nearly 80% during the first half of 2021[1]


[1] Size of schemes converting to fiduciary management surges in H1