Schroders Plc is undergoing a significant restructuring of its executive committee, with the aim of enhancing growth.
The committee will be reduced in size from 22 members to nine, streamlining operations within the UK's largest standalone asset manager.
As part of this restructuring, Ed Houghton, previously a director at Legal & General Group Plc, will join Schroders as head of strategy and investor engagement.
Mary-Anne Daly will continue to oversee wealth management, while Georg Wunderlin will transition to the role of head of Schroders Capital.
Karine Szenberg is also set to become the sole head of the Client Group, consolidating leadership within the firm.