Schroders has restructured its multi-asset and portfolio solutions teams following the departure of Nico Marais.
Marais, head of the investment management firm's multi-asset investments and portfolio solutions teams, joined Schroders in March 2011 and ran around £81bn across the two teams.
Schroders said his role will not be replaced - saying it has decided instead to create two distinct investment teams from its existing multi-asset investments and portfolio solutions business in a bid to realise the growth potential of these individual areas.
Its multi-asset investments team will now be led by Johanna Kyrklund who has been promoted to global head of multi-asset investments.
Her team will continue to manage Schroders' flagship income, diversified growth and real return strategies as well as developing advanced beta capabilities.
Schroders said Kyrklund will also continue in her role as head of the firm's global asset allocation committee.
The investment manager's portfolio solutions team will be co-led by John McLaughlin and Andrew Connell - and will focus on the creation of bespoke solutions and partnerships with clients, a strategic area of growth for the firm, in areas such as liability-driven investment, risk managed investments, advanced bond beta, fiduciary management and global strategic solutions.
Schroders group chief executive Peter Harrison (pictured) explained the restructure. He said: "We have growth ambitions for multi-asset investments and portfolio solutions. As individual areas, they have enormous potential and are important drivers of growth for our business.
"Our clients increasingly want tailored solutions that can help them achieve their financial goals. This simplified structure will allow each team to focus on their core strengths, expand their capabilities and design solutions for our clients' specific requirements."
Schroders has made a number of hires to its multi-asset investments and portfolio solutions capabilities over the past 12 months - hires which included the appointment of Ashley Lester, the former head of fixed income and multi-asset class research at MSCI, as global head of research in July 2015.
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