Ex-IG CEO Peter Hetherington to join Schroders Personal Wealth

Maria Nikolova

Peter Hetherington will join as Chief Executive of Schroders Personal Wealth, subject to regulatory approval.

Former CEO of online trading major IG Group Peter Hetherington will join Schroders Personal Wealth. Schroders said today Peter Hetherington will join as Chief Executive of Schroders Personal Wealth, subject to regulatory approval.

Peter Hetherington

Schroders also confirmed the recent completion of Schroders’ investment of a 49.9% stake in Schroders Personal Wealth. Schroders now owns 49.9% of Schroders Personal Wealth with the remaining 50.1% owned by Lloyds Banking Group.

James Rainbow, a UK market specialist, has been appointed Head of UK Distribution and Latin America. Schroders says its UK business is among the most developed and trusted in the competitive UK market, with £165.6 billion of assets under management on behalf of clients domiciled in the UK. James Rainbow will lead the continued development of this business.

In North America, Karl Dasher, currently CEO of North America and Co-Head of Fixed Income, will leave the firm at the end of the year. Marc Brookman, who joined Schroders last year as Deputy CEO of North America, will take over as CEO of North America. Philippe Lespinard will continue as Head of Fixed Income, reporting to Charles Prideaux, Global Head of Investment.

Karl Dasher will work with Marc and Philippe Lespinard on the leadership transition throughout the remainder of this year, and will be available as an adviser to the firm from January 2020. Marc Brookman will report to Lieven Debruyne, Global Head of Distribution.

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