Schroder Investment Management Australia has boosted its senior management team with the appointment of State Super chief executive Chris Durack and has also added two members to its fixed income team.
Durack will take up the position of director, with specific responsibilities for Schroders’ business strategy, product and distribution.
The appointment reflected the company’s desire to expand its senior management team as a result of steady business expansion and the technical and investment challenge of the current macro-economic environment, Schroders chief executive Greg Cooper said.
“His extensive leadership skills, technical experience and strategic business insights make him an excellent addition to our senior management team,” Cooper said.
“Funds management is a people business and our strategy has always been to hire those with a strong investment background and broad technical capability across all areas of the business.”
Durack will remain with State Super until October and start with Schroders that month.
Additionally, Schroders said it expanded its Australian fixed income and multi-asset team with the appointments of Alicia Low.
Low joins as a senior credit analyst, after having been with Standard & Poor’s as an associate director responsible for a portfolio of rated Australian and New Zealand companies.
Earlier this month, Schroders hired Stuart Gray as a fixed income fund manager and head of credit research.
He was previously with Aberdeen Asset Management as an Australian fixed income senior portfolio manager and also managed the credit research team.
“Broadening and strengthening Schroders’ fixed income capability has been an important initiative to support the continued evolution of our business,” Schroders head of fixed income and multi-asset Simon Doyle said.
Schroders in Australia manages over $25.8 billion in assets across international and Australian equities, fixed income and multi-asset strategies.
