Guy Henriques, Schroders’ country head of Japan since 2012 will take on the position of UK country head this month, the fund manager said in a statement on October 24. Before moving to Japan, Henriques had been Schroders’ global head of official institutions in London.
In his new role he will have oversight of both Schroders’ UK intermediary – its retail business – and institutional businesses. He will also lead the group’s Latin American business in Argentina, Brazil, Chile and Mexico.
As a result Robin Stoakley is to hand over the day-to-day management of the UK intermediary business to James Rainbow, head of UK financial institutions and strategic accounts, and Phil Middleton, head of UK intermediary business development.
Stoakley is a Schroders veteran, having spent the best part of three decades at the listed funds house.
Both Rainbow and Middleton will report to Henriques.
Stoakely and Henriques will report to John Troiano, global head of distribution.
Troiano said: “The changing dynamics of the UK market place and continued convergence of both the intermediary and institutional channels, specifically in the defined contribution and insurance areas, has meant that now is the right time for our business to appoint a country head for the UK that will lead and grow both channels.”
Stoakley will remain with the firm, overseeing its relationships with global financial clients and developing its “growing South African presence”. A spokeswoman for Schroders said it was “in the early stages of growing the business” in South Africa, where it registered a presence at the beginning of the year.
Schroders had £343.8 billion in global client assets at June 30, 2016.