Middleton’s new role at Schroders will be effective from 1 January 2025. Credit: Schroders plc.

British fund manager Schroders has reshuffled its leadership line-up, with the appointments of Phil Middleton as the new head of UK and Tom Darnowski as Americas CEO.

Middleton joined Schroders in 1992. His experience spans over three decades, with significant roles in distribution and marketing while based in London.

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In 2020, Middleton transitioned to New York to serve as Head of Institutional Distribution for North America. He was managing direct sales, relationship management and consultant relations.

In January 2022, he ascended to the role of CEO of North America and was further promoted to CEO Americas in June 2023.

He will assume the new role on 1 January 2025.

Middleton said: “It’s fantastic to be returning to the UK market, where I have spent so much of my career.

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“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.”

Darnowski too will be taking on his new role of CEO Americas on 1 January 2025. 

A Schroders veteran since 2013, he has been leading Product Development across the Americas.

In his most recent position as Global Head of Product Strategy, Darnowski was involved in managing Schroders’ global product range.

Both Middleton and Darnowski will continue to report to Schroders client group global head  Karine Szenberg.

Szenberg 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 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.”