Richard Lloyd departs Schroders

Lloyd also managed the Schroder Income Maximiser and Schroder UK Income Defensive funds, both of which will now fall under the management of John Teahan. Thomas See, who was the existing co-head of structured investments, will now take on full responsibility for that part of the business. Robin Stoakley, head of UK retail, said: "We're obviously very sorry to see Richard go and wish him the very best. "However, we've got a very strong Structured Investments team and I'm delighted that we have professionals of the calibre of John Teahan and Thomas See taking over responsibility for the...