Schroders has promoted Robin McDonald to head of multi-manager investments following the appointment of Marcus Brookes to chief investment officer of the new tie-up between Schroders and Lloyds, Schroders Personal Wealth.
Brookes, currently head of multi-manager investments at Schroders, will assume the role of CIO at Schroders Personal Wealth in May.
McDonald has worked alongside Brookes for over 15 years, with the pair co-managing the Diversity fund range for 12 years and the Schroder Dynamic Planner range since launch in 2017. There are no planned changes to the funds.Joe Le Jehan, who joined the multi-manager team in 2008, will become co-manager across the fund range alongside McDonald and the team will move into Schroders' multi-asset business of more than 90 investment professionals globally.
Phil Middleton, head of UK intermediary business at Schroders, commented: "I am pleased to confirm that Robin McDonald will become head of multi-manager investments at Schroders in May 2019. Marcus Brookes, currently head of multi-manager investments at Schroders, will take on the role of chief investment officer at Schroders Personal Wealth.
"The success of the multi-manager team at Schroders has been the result of a clearly defined investment philosophy, a robust investment process and a strong team culture, all designed and fostered under the leadership of both Robin and Marcus. This, and the objectives of the team's funds, will not change under Robin's leadership.
"Marcus will continue to work with the team during the final phase of this transition, until he assumes his role at Schroders Personal Wealth in May 2019."