A new chief financial officer at Schroders will step into the role in November.
Meagen Burnett will take on the job from Richard Oldfield who was appointed group chief executive earlier this month.
The firm also announced group chief investment officer, Johanna Kyrklund, will be elevated to the board after five years in the role. She joined Schroders in 2007 initially to lead its multi-asset business.
A stock exchange notice today (September 26) said the move "underscores the importance of investment expertise and performance" to the business and clients.
Oldfield, incoming CEO, said: "My initial priority is to build on strong foundations, and focus on simplification, commercial discipline and flawless execution, which will accelerate our transition to growth. We must remain relevant to clients whilst driving shareholder value through disciplined capital allocation and enterprise-wide collaboration."
Burnett was previously chief operating officer and has been with Schroders for almost two years. She has more than 25 years experience in financial services, including 15 in asset management.
Kyrklund will now also have responsibility for how our public markets business delivers for clients across equities, fixed income, multi-asset and solutions.
Dame Elizabeth Corley, chair of Schroders, added: "We are very pleased to welcome Meagen and Johanna to the board, both of whom bring exceptional experience, international mindsets and leadership across a wide range of disciplines including operations, finance, technology, investment and client relations.
"Their rich skill sets will complement the excellent capabilities we have in Richard, providing us with strong leadership to drive the group forward."
Oldfield will succeed Peter Harrison as group chief executive on November 8, subject to regulatory approval while Burnett will act as interim CFO from November 8, until her formal appointment on January 1, 2025.
tara.o'connor@ft.com
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