Schroders announced the appointment of Alex Tedder as Head of Global Equities.
Alex will join the company in June 2014 from American Century Investments where he was Senior Vice President and Co-head of Global and Non-US Large Cap Strategies, managing US $21 billion of assets and a team of 15, as of December 31, 2013. Schroders saw its head of global equities Virginie Maisonneuve leave the group to join Pimco at the end of last year. Mr Tedder will be based in London.
As Head of Global Equities, Alex will assume responsibility for the Global and International Equities team's business management and strategic planning. He will also lead the team and drive the development of the team's franchise. Simon Webber will retain his investment focus and portfolio management duties, working with the team's Global Sector Specialists to ensure that client portfolios benefit from the team's proven research capabilities and high-conviction idea generation.
There will be no change to the team's investment style or the main elements of the investment process. The approach utilizing global sector specialists will remain at the core of the team's investment process.
Peter Harrison, Global Head of Equities, comments: "I am delighted to welcome Alex to Schroders. He is a strong investor with 20 years' experience and is an excellent cultural fit with our existing Global Equities team, consisting of eight global sector specialists and two portfolio managers."
"Global equities is a priority growth area for Schroders. Together, Alex and Simon will drive our existing strong business forward and make it world class, enhancing our portfolio construction process and delivering performance for clients over the long term."