Schroders vice chairman and former chief financial officer Jonathan Asquith has quit the firm.
Asquith joined the company in January 2002, following stints at Deutsche Morgan Grenfell and Barclays Private Bank.
After five years as chief financial officer, Asquith became vice chairman in April 2007 – responsible for fixed income, emerging market debt, property, private equity, investment capital, corporate development and investor relations.
Schroders says Alan Brown will take over responsibility for fixed income, with emerging market debt and commodities reporting to chief executive Michael Dobson.
The property and corporate development remit has been assigned to members of the management committee.
"I would like to thank Jonathan for his great contribution to the progress of Schroders since he joined the firm in 2002,” Dobson says.
Asquith will leave the company following the expiry of his contractual notice period later in the year.IFAonline
Paul Bruns and Elaine Parkes
3,000 left to transfer
Record numbers of people aged 90 plus
From 3 to 10 October