Schroders Appoints Phil Middleton as Head of UK and Promotes Tom Darnowski to CEO Americas

Schroders Appoints Phil Middleton as Head of UK and Promotes Tom Darnowski to CEO Americas

(IN BRIEF) Schroders has appointed Phil Middleton as Head of UK and promoted Tom Darnowski to CEO Americas. Both leaders bring extensive experience to their roles, with Middleton returning to the UK after leading Schroders’ Americas operations and Darnowski advancing from Global Head of Product Strategy.

(PRESS RELEASE) LONDON, 8-Nov-2024 — /EuropaWire/ — Schroders has announced the appointment of Phil Middleton as Head of UK, effective January 1, 2025. Middleton, who has been with Schroders for over three decades, brings a wealth of experience from his extensive work in the UK market and recent roles in the Americas. Since joining Schroders in 1992, he has held numerous positions in distribution and marketing across the business.

In 2020, Middleton relocated to New York as Head of Institutional Distribution for North America, later becoming CEO of North America in January 2022, and CEO of the Americas in June 2023. His return to the UK will allow him to lead Schroders’ UK operations, focusing on growth and delivering solutions for clients.

Tom Darnowski, formerly the Global Head of Product Strategy, will take over as CEO Americas. Since joining Schroders in 2013, Darnowski has led product development efforts across the Americas, demonstrating significant commitment to meeting client needs and evolving the firm’s product offerings.

Both Middleton and Darnowski will report to Karine Szenberg, Global Head of Client Group at Schroders. Commenting on the appointments, Szenberg praised Middleton’s contributions to Schroders’ success in the Americas, noting that his deep familiarity with the UK market makes him an ideal choice for this role. She also commended Darnowski’s leadership and deep knowledge of the Americas business, expressing confidence in his ability to continue driving growth in the region.

James Rainbow, the current Head of UK, will be departing Schroders after 17 years to explore new opportunities. The company expressed gratitude for his impactful contributions during his tenure.

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Schroders plc

Schroders is a global investment manager which provides active asset management, wealth management and investment solutions, with £773.7 billion (€912.6 billion; $978.1 billion) of assets under management at 30 June 2024. As a UK listed FTSE100 company, Schroders has a market capitalisation of circa £6 billion and over 6,000 employees across 38 locations. Established in 1804, Schroders remains true to its roots as a family-founded business. The Schroder family continues to be a significant shareholder, holding approximately 44% of the issued share capital.

Schroders’ success can be attributed to its diversified business model, spanning different asset classes, client types and geographies. The company offers innovative products and solutions through four core business divisions: Public Markets, Solutions, Wealth Management, and Schroders Capital, which focuses on private markets, including private equity, renewable infrastructure investing, private debt & credit alternatives, and real estate.

Schroders aims to provide excellent investment performance to clients through active management. This means directing capital towards resilient businesses with sustainable business models, consistently with the investment goals of its clients. Schroders serves a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.

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Media Contact:

Charlotte Banks
Media Relations Lead, Public Markets
+44 207 658 2086
Charlotte.Banks@schroders.com

SOURCE: Schroders plc