EUROPE - John Simpson, former director of international and Scandinavian businesses at Schroder Investment Management, has followed former chief executive officer David Salisbury and stepped down to join GE Asset Management.
In his new role as head of continental European business development, Simpson will report to GEAM’s president Jan Konstanty and will be responsible for the development of the company’s European asset management arm.
While at Schroders, Simpson managed institutional European and global mandates for European clients, as well as developing new business.
Simpson’s appointment follows the release of Schroders interim results for the first half of 2001, where it was revealed that underlying asset management profit fell by 7.4% from £80.1m the end of 2000 to £74.2m in the first half of 2001.
By Janet Du Chenne
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