UK - Paul Duncombe has been appointed global head of Schroders' strategic solutions team as the firm aims to strenghten its multi-asset team.
Duncombe joined from State Street, where he was global head of currency management.
Schroders also appointed Johanna Kyrklund as head of UK multi-asset. Kyrklund was previously senior fund manager for the absolute insight tactical asset allocation fund at Insight Investments.
Schroders head of multi-asset Curt Custard said: “I see tremendous opportunities for Schroders in the multi-asset space, and these senior hires will help us take the business to the next level.”
In other news, Mercer Global Investments (MGI), Mercer’s multi-manager business, also expanded its team with the appointment of Amit Popat as head of European business development.
Prior to joining, Popat was senior vice president of Santander Central Hispano.
The firm also transferred Rob Marsden from Mercer Investment Consulting to MGI head of fixed income portfolio management.
MGI Europe head Tom Murphy said of the appointments: “Since our European launch last year, we have been expanding our team to strengthen our position in the multi-manager market and demonstrate our commitment to growth.”
This week's edition of Professional Pensions is out now.
Laytons partner Jennie Kreser speaks of her concerns over pension outcomes.
Guy Opperman has indicated his support for a fresh pensions commission as the government seeks to understand how to progress pensions policy in a wide range of areas.
Auto-enrolment (AE) minimum contribution rates could rise to 12% by 2030, with a 50/50 split between employer and employee, the Pensions and Lifetime Savings Association (PLSA) says.