CITY money manager Schroders yesterday announced Rory Bateman will head its UK equities division, replacing departing fund manager Richard Buxton, the high profile manager who is leaving the company next month.
Bateman, a former fund manager at Goldman Sachs Asset Management, will take over running the UK equities desk, alongside his current task as head of European equities.
He will also continue to run his Schroder European Large Cap Equity fund and the Schroders ISF European Large Cap fund, in addition to his new responsibilities.
Global head of equities Peter Harrison said: “Rory is a strong investor in his own right and has a proven track record as head of our European equities team, creating a culture where our talented fund managers and analysts thrive.”
Schroders announced in March that Buxton, one of the biggest fund manager names in the City, would be leaving the firm in June after more than a decade at the company to join rival Old Mutual Global Investors.
In April it announced that Philip Matthews, a former manager at Jupiter, would be given Buxton’s UK Alpha Plus Fund. Neptune’s head of UK equities Alex Breeze has also been brought in to run Buxton’s old Schroder UK Equity and Schroder ISF UK Equity funds.