Schroders European Equity:
Steve Cordell, manager of four European mandates at Schroders, is leaving the firm with his responsibilities split across the European equities team. James Sym and James Rutland will become co-managers of Schroder International Selection Fund (SISF) European Opportunities fund, Nicholette MacDonald-Brown and Stephen Shields will take over SISF European Equity Absolute Return fund and Bill Casey and Nick Kissack will run the SARFCO European Equity Absolute Return fund.
TB Wise Multi Asset:
Wise Funds have announced that they will be hiring Phillip Matthews from Schroders to co-manage the TB Wise Multi-Asset Growth and TB Wise Multi-Asset Income funds alongside Vincent Ropers, the group’s Chief Executive Officer (CEO), from 3rd September 2018. Matthews had been managing the Schroders UK Alpha Plus fund and the Schroders UK Growth investment trust until his departure, following a period of under-performance.