This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Schroders Appoints New CEO Of North America And Co-Head Of Fixed Income

NEW YORK, Feb. 11, 2013 /PRNewswire/ -- Karl Dasher, Head of Fixed Income, will also become Chief Executive Officer, North America on July 1, 2013.  Philippe Lespinard will be appointed Co-Head of Fixed Income from this date and will join the Group Management Committee. 

Massimo Tosato, 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 North America will account for c.44[1] 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 North America 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."  

Karl Dasher 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, Jamie Dorrien-Smith, Chief Executive Officer, North America, will step down from his role on July 1, 2013 and retire from the firm.  He has headed North America 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 ahackmann@jcprinc.com , or Susan Schuppe, Schroders ( New York), at 212-641-3910 or Susan.Schuppe@Schroders.com .

Notes to Editors:

Schroders plc

Schroders is the UK's largest listed asset management company with $327.4 billion under management as of September 30, 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 Europe, the Americas, Asia and the Middle East, 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 www.schroders.com.

For US investors, information can be found at www.schroders.com/us or on Schroders US Talking Point at http://www.schroders.com/tp-us/home/. For regular updates by e-mail please register online at www.schroders.com for our alerting service.

*STW

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 US$11.9 billion as of September 30, 2012. Further information on STW can be found at www.stw.com.

[1] 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.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs