Feb. 11, 2013
, Head of Fixed Income, will also become Chief Executive Officer,
, 2013. Philippe Lespinard will be appointed Co-Head of Fixed Income from this date and will join the Group Management Committee.
, Executive Vice-Chairman said, "With the acquisition of STW*, which is due to complete in the first half of 2013, our Fixed Income assets managed in
will account for c.44 per cent of our global Fixed Income assets. We believe that Karl is the best person to help us realize the major opportunity we see to grow in
and we expect it to become a significantly larger proportion of our total business over the next five years across Fixed Income, Equities, Multi-asset and Alternatives."
said, "Philippe and I have worked closely together since I recruited him as Chief Investment Officer Fixed Income. He has been integral to the improvements we have made to our Fixed Income business in terms of the enhanced investment process and depth of investor talent. I look forward to working with him to continue to grow the business."
After 19 years with Schroders,
, Chief Executive Officer,
, will step down from his role on
July 1, 2013
and retire from the firm. He has headed
since 2006, during which time we have seen a transformation in the performance of our Institutional business and the launch of our Intermediary business in the US. Jamie leaves with our thanks and best wishes for the future.
For additional information, please contact Allyce Hackmann of JCPR at 973-850-7327 or
, or Susan Schuppe, Schroders ( New York), at 212-641-3910 or
Notes to Editors:
Schroders is the UK's largest listed asset management company with
under management as of
, 2012. We manage funds on behalf of institutional and retail investors, financial institutions and high net worth clients from around the world, invested in a broad range of asset classes across equities, fixed income, multi-asset and alternatives.
We employ 3,000 talented people worldwide operating from 34 offices in 27 different countries across
, the Americas,
, close to the markets in which we invest and close to our clients. Schroders has developed under stable ownership for over 200 years and long-term thinking governs our approach to investing, building client relationships and growing our business.
Further information about Schroders can be found at
For US investors, information can be found at
or on Schroders US Talking Point at
. For regular updates by e-mail please register online at
for our alerting service.
STW Fixed Income Management LLC is a specialty fixed income manager founded in 1985 that provides custom solutions to meet the needs of a diverse client base. The firm manages portfolios across the duration spectrum for both taxable and tax-exempt investors. Assets under management are
September 30, 2012
. Further information on STW can be found at
 Source: Schroders. Based on assumed STW assets under management of cUS$11.6 billion when the acquisition is completed during the first half of 2013.