Schroders today announces that Phil Middleton has been appointed as Head of UK with effect from 1st January 2025.
Phil has an excellent track record of working in the UK market, having spent most of his career based in London. Phil joined Schroders in 1992, and during his 32-year tenure has held roles across the business in distribution and marketing.
In 2020 he moved to New York to take on the role of Head of Institutional Distribution, North America overseeing direct sales, relationship management and consultant relations. He became CEO of North America in January 2022 and was subsequently appointed in June 2023 as CEO Americas.
Tom Darnowski has been promoted to CEO Americas. Tom has been with Schroders since 2013 leading Product Development across the Americas and most recently held the role of Global Head of Product Strategy, where he oversaw Schroders’ global product range.
Both roles will continue to report to Karine Szenberg, Global Head of Client Group at Schroders.
James Rainbow, current Head of UK, will be leaving Schroders to pursue opportunities outside of the business and we thank him for his significant contributions over the last 17 years.
Phil Middleton, Incoming Head of UK at Schroders, said:
“It’s fantastic to be returning to the UK market, where I have spent so much of my career. Schroders has an award-winning UK business, with a compelling investment proposition, dedicated to solving the complex investment needs of our clients. I look forward to leading our UK business to drive further success and growth.”
Karine Szenberg, Global Head of Client Group at Schroders, said:
“Phil has played a fundamental part in further establishing and growing our business and brand presence across the Americas over the last four years, with the firm being recognised as a Top 10 institutional asset manager in the US in 2024.
“We are excited to welcome Phil back to the UK, a market that he knows extensively and where he already has a well-established track record. The UK is an important and valued market for Schroders and we believe now is the right time for Phil to return to lead this part of our business.
“We pride ourselves on our ability to nurture and grow our existing talent and are pleased to announce that Tom Darnowski has been promoted to the role of CEO Americas. Tom’s leadership has played a transformational role across our product proposition as we continue to evolve with rapidly changing markets. He has demonstrated consistent dedication to meeting the needs of our global client network and has an exceptional understanding and knowledge of the Americas business and its clients.
“I am looking forward to seeing both Phil and Tom take on their new roles and am confident that Phil, Tom and James will work together to ensure a smooth handover for our teams and clients.”
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