Schroders' head of multi-manager Andrew Yeadon has left the firm after a merger of its multi-manager and multi-asset teams.
Johanna Kyrklund, the head of multi-asset at the firm, will now head up the newly merged divisions.
Yeadon joined Schroders in 2000 and later became responsible for the MM Strategic Balanced, MM High Alpha, MM Cautious Managed and Managed Balanced funds.
He is leaving to pursue other opportunities, the group says.
Robin Stoakley, managing director of UK intermediary, comments: "Combining these teams means that clients will have access to our highly rated, institutional quality, asset allocation and portfolio construction processes which are currently employed on our Multi-Asset portfolios.
"There will also be benefits of scale, for example, participating in asset classes that have minimum entry hurdles and a stronger negotiating position on fees for external managers. The newly combined team will have approximately £14.45bn of assets under management.
"I am confident these measures will result in a stronger and even more competitive Multi-Manager proposition for our clients
Yeadon's departure is the latest in a series of multi-manager moves recently. Mark Harris and Craig Heron departed Henderson earlier this week following the group's takeover of Gartmore, which has its own multi-manager offering led by Tony Lanning.
F&C's Dean Cheeseman was replaced by Paul Carne on the F&C Lifestyle funds following the Thames River deal, while Keith Speck left Santander, to be replaced with LVAM's Tom Caddick.
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