Schroders head of investment Nicola Ralston is to leave the group this September, writes Fiona Hende...
Schroders head of investment Nicola Ralston is to leave the group this September, writes Fiona Henderson.
Ralston, who became head of investments in 1995, was responsible for overseeing many of the changes to the Schroders investment process over the last few years. These included focusing on improving portfolio performance and making the fund managers more accountable.
Robert Higginbotham, marketing director at Schroders, said: 'One of her developments included setting up a research structure to support fund management teams. As part of this, she appointed Tim Pettee as head of research last year.'
Ralston also recruited two chief investment officers to take responsibility for retail, private clients and institutional. David Gasparro became the CIO for retail and private clients and Sara Harun was appointed last year as CIO for institutional investment.
Schroders is not looking for a replacement for Ralston, who has been with the group for 22 years and is now retiring. Her responsibilities will be divided between Gasparro and Harun.
Higginbotham said: 'Her plan is to retire completely but it is up to her whether she goes on to pursue anything else.'
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