Schroders to offer wealth management services to US clients

Schroders-Building-700x450.jpgSchroders has established a new London-based wealth management company to cater for high net worth US clients who live in the UK or North America.

Schroder Wealth US will sit alongside Cazenove Capital in the wealth management division, subject to regulatory approval.

Martin Heale will head up the US wealth management team at Schroder Wealth US. He joins in August from RBC where he was managing director in the Americas private wealth team.

Mary-Anne Daly has been appointed chief executive of Schroder Wealth US and will continue in her current role as CEO of Cazenove Capital in the UK.

Daly says:This is an exciting development for our business. We have a long experience of managing US clients resident in the UK and are fully familiar with their complex investment and reporting requirements. The recruitment of such an experienced individual as Martin reinforces our commitment to serving US clients including those living in the US.”

Andrew Ross, global head of wealth management at Schroders, adds: With our global investment expertise, a growing presence in the US and our long-standing wealth management experience, Schroders is perfectly placed to provide this service and I am delighted to be able to offer it to clients. We now manage circa $50bn of assets for private clients and charities globally and this development is fully aligned with our wider growth strategy.”