Schroders scoops Morgan Stanley veteran

Schroders has poached Huw van Steenis from Morgan Stanley, posting him to the newly created role of global head of strategy, focusing on medium and longer-term strategy development. He will join the firm in the fourth quarter after 14 years at Morgan Stanley as managing director and global coordinator for banks and diversified financials research. He will report to group chief executive Peter Harrison, and will be responsible for business strategy and corporate development. During his time at Morgan Stanley, van Steenis conducted research on the investment management and securities industry. Prior, he also worked at JP Morgan, and Boston Consulting Group. In total, he boasts over 20 years’ investment industry experience. The appointment follows a number of high profile exits from Schroders this year. In June, multi-asset manager Iain Cunningham, co-manager of the firm’s Multi-Asset Income, Global Multi-Asset Allocation, and Global Multi-Asset Income funds, left the firm after nearly a decade. In May, Markus Ruetimann, group chief operating officer left after 12 years. Schroders has $466.9 billion (€415.9 billion) in assets under management as of March 31 this year. ©2016 funds europe

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