Schroders has reshuffled its multi-asset and portfolio solutions teams in the aftermath of Nico Marais’ departure.
Marais was head of Schroders’ Multi-Asset Investments and portfolio solutions teams since March 2011.
The firm said he will not be replaced and has appointed Johanna Kyrklund as global head of Multi-Asset Investments.
The portfolio solutions team has been separated from the multi-asset investments’ business. It will be co-led by John McLaughlin and Andrew Connell.
In addition, Kyrklund will continue to head Schroders’ global asset allocation committee.
As of 31 March 2016, Schroders managed €409.7bn in assets.