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Deals and People May 12, 2014
Schroders Names North America Institutional Leader
May 12, 2014 (PLANSPONSOR.com) – Global asset management firm Schroders hired Marc Mayer to lead its institutional business initiatives in North America.
Reported by Kevin McGuinness
“We are privileged to find someone of Marc’s caliber to lead the next leg of growth of our institutional business in North America. Our strategy is to expand our business in core asset classes such as global equities, multi-asset and multi-sector fixed income. Marc’s experience in offering both alpha and solutions capabilities underscores our commitment to becoming a strategic investment partner to North American institutions across all segments,” says Karl Dasher, Schroders CEO of North America, who is based in New York.
Mayer brings more than 25 years of senior investment leadership experience to Schroders. Most recently, he served as CEO of GMO LLC. Prior to that, Mayer spent 20 years at AllianceBernstein, where he served in various leadership roles including, head of Institutional Research, head of Institutional Brokerage, global head of Institutions, global head of Retail, and CIO of Multi-Asset.
Schroders, headquartered in London, has experienced significant growth in its U.S. institutional business during the past five years, with AUM rising from $15.8 billion as of December, 31, 2009, to $35.20 billion as of March 31, 2014.