Schroders has announced that Luke Biermann will replace Paul Marriage and John Warren on the UK Dynamic Smaller Companies fund following their departure to establish their own boutique firm.
Biermann is already lead manager on the European Smaller Companies fund and has worked as a fund manager and analyst in the pan European small and mid cap team for 10 years.
He will begin working with Marriage and Warren immediately as part of the transition before the pair leave in the fourth quarter.
Since taking over management of the European Smaller Companies fund, Biermann has delivered annualised returns of 22.2 per cent compared to 19.2 per cent in the benchmark.
Marriage and Warren will transition the absolute return fund to their new boutique, Tellworth Investments, partnering with fund distributer BennBridge.