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Tuesday, January 11, 2011

Schroders Bulks Up, Eyes More Hires

Reported by Armie Margaret Lee

Schroders Investment Management North America has added five people to its US intermediary distribution team and the firm plans to make further additions to its headcount this year.

Carter Sims
Schroders Investment Management
Head of US Distribution
Schroders plans to add staff in the field, key accounts and marketing areas.

Recently, Schroders hired four people in its sales team. It brought on board Janus alum Benjamin Stevens as sales director for the West territory, Van Kampen alum Christopher Ander as sales director for the Central territory, FBR Asset Management alum Kelly Klobucar in a dual role as team leader managing the internal wholesalers and supporting Western-based wholesalers Stevens and John Maguire, and Bank of America - Merrill Lynch Wealth Management alum Marc DeCuffa as internal sales director for the Northeast.

Schroders also hired Greg Bradley, most recently with Hewlett Packard Company, as key accounts manager, reporting to Erin Brenner, head of intermediary key accounts.

Schroders now has a total of seven external wholesalers and four internals. There are four people on the key accounts team, including Brenner.

The five new hires joined in the last six weeks, said Carter Sims, head of US intermediary distribution, in an interview with The MFWire.com. All five take on newly created positions, raising the number of people on the U.S. intermediary distribution team to 23.

Schroders might make one or two hires on the external sales side this year, and one on the internal side, Sims said.

Also, a search is underway for a mid-level key account post under Brenner and a mid-to-senior level person on the marketing team led by Jennifer Manser

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