Schroders hires division head from Blackrock

* Appoints multi asset head from BlackRock

* New hire will join group management committee

LONDON, Dec 10 (BestGrowthStock) – Schroders (SDR.L: ) has hired a new
divisional head from rival BlackRock (BLK.N: ) to drive its
multi-asset investment business, the British investment manager
said on Friday.

Nicolaas Marais will take over the multi-asset business from
John McLaughlin, who will focus on Schroders’ liability-driven
investment business.

Multi-asset strategies are offered to institutional clients
such as pension funds as a way to diversify risk by investing in
a variety of different asset classes.

Schroders has around 30 billion pounds under management in
its multi-asset business, the company said.

Marais, a South African, joins in March and will become a
member of the Schroders group management committee, reporting to
chief executive Michael Dobson.

“Multi-Asset strategies and Liability Driven Investment are
priority growth areas for Schroders. We see significant
long-term potential encompassing existing products and
competitive strengths, as well as new opportunities in
outcome-orientated and absolute-return strategies,” Chief
Investment Officer Alan Brown said in a statement.

Marais leaves his current post as head of active portfolio
management in BlackRock’s multi-asset group, having in 2000
joined Barclays Global Investors, which was acquired last year
by the U.S. company. [ID:nGEE5B02FP]

Prior to 2000 he worked at the World Bank, Schroders said.

McLaughlin, who has led the multi-asset business for two
years, will report to Marais while focusing on LDI, which
focuses on hedging of risk, to help Britain’s 1-trillion-pound
corporate defined benefit (DB) pension industry pay its
retirees.
(Reporting by Chris Vellacott, editing by Sinead Cruise and
Will Waterman)
(For the Funds Hub blog: http://blogs.reuters.com/hedgehub)
(For Global Investing: http://blogs.reuters.com/globalinvesting)

Schroders hires division head from Blackrock