Global asset managers Schroder Investment Management (SIM) has lost its head of UK institutional business, Jim Horsborough.
Horsborough handed in his resignation following a decision by chief executive David Salisbury to place responsibility for the UK with global institutional chief John Troiano.
A spokesman for the firm said that Horsborough was offered a new undisclosed position by Schroders which was not taken up. He added that Troiano’s remit was part of SIM’s restructuring, announced last year.
It is understood that Horsborough does not have any immediate plans to join a rival firm.
By Madhu Kalia
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