Schroders Portfolio Solutions, part of Schroders Multi-Asset Business, has appointed Philip Howard to the role of Liability Driven Investments (LDI) Solutions Manager to replace Danile Morris, who will be transferred to New York after a period of handover.
The appointment will support the continuing growth of Schroders LDI team in London and replace an existing manager who is transferring to New York to develop a new venture in North America, the company statement added.
Howard joins Schroders from Mercer where he has been a part of its Financial Strategy Group for seven years. He advises clients on LDI and other complex strategies, experience that is well-suited to his new role within Portfolio Solutions.
Howard takes over from Daniel Morris, who is currently an LDI Solutions Manager in the London office. After a period of handover, Morris will transfer to New York at the beginning of 2015, where he will partner with US Multi-Asset Product Specialist Seth Finkelstein on a new venture to establish Schroders Portfolio Solutions business in North America.
“These developments are part of a continuing process to promote experienced people within the business and at the same time, bring on new talent to ensure that resources will always be sufficient to meet the needs of our clients,” Schroders said.
Andrew Connell, head of Portfolio Solutions commented: “With his experience working on solutions in a specialist team within a leading consultancy, Philip is a strong addition to our team. We are confident that he will help ensure we continue to deliver on both our investment and service promises to current and future clients. Philip’s arrival also allows Daniel to pursue an exciting opportunity that will make our investment solutions available to Schroders’ clients in North America.”