Schroders bolstered its UK Institutional team, positioning it for further growth and reinforcing its standing as one of the UK’s leading Defined Contribution (DC) and Defined Benefit (DB) managers.
Stephen Bowles, who boasts more than 20 years experience working in pensions, has been named head of Delegated Sales. This is a newly-created position working across both DB and DC pension relationships. Bowles will have specific responsibility for the distribution of the firm’s growing fiduciary management business. He will report into John Griffiths, head of UK Institutional Sales and Business Development.
Tim Horne has been promoted to head of UK Defined Contribution. He joined Schroders in 2011 from what was then Towers Watson, where he had been a senior investment consultant, also specialising in DC. He will report into John Griffiths.
Guy Henriques, head of UK Distribution, Schroders, said: “UK pension clients are increasingly looking to leverage the asset allocation expertise of fund managers. The continued growth of our delegated business, including fiduciary management, is a key strategic priority for the UK business. Bowles is the perfect candidate to help increase our market presence.
“In Horne, we have a natural successor to lead our DC business. He brings a wealth of knowledge and insight to the role and will build on the considerable progress made under Steve’s leadership.”