Simon Brazier, manager of the £553.5m Schroder UK Equity fund, is leaving the firm to take a senior position at another asset management company.
His role will be filled by Errol Francis and Ed Meier who will be co-managers on the fund as well as Brazier's Schroder International Selection Fund (ISF) UK Equity.
Francis joined Schroders at the start of 2007 as a fund manager within the specialist UK equities team, working closely alongside Richard Buxton, head of UK equities. He has 16 years of investment experience, previously managing UK equities at Baring Asset Management and Credit Suisse Asset Management.
Meanwhile, Meier has nine years of investment experience, including his time spent at Schroders which he joined in 2006 as a member of the UK equities team.
Brazier joined Schroders in 1998 and began running the UK Equity fund in April 2006. The fund is first quartile in the IMA UK All Companies sector over one year, up 43.09%, but second quartile over three years down 7.52%, according to Lipper data to 7 December 2009.
Robin Stoakley, Schroders' UK intermediary business managing director, says: "We are sorry to see Simon go and wish him the very best. We have a very strong UK equities team and I am delighted Errol Francis and Ed Meier are taking over responsibility of the Schroder UK Equity fund and the Schroder ISF UK Equity."
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