British fund manager Schroders has reshuffled its senior ranks across North America and the UK.

Among the changes include the appointment of Marc Brookman as the new North America chief.

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Currently the firm’s deputy CEO of North America, Brookman will replace Karl Dasher who will depart Schroders at the end of this year.

Dasher also serves as the co-head of fixed income. He shares the role with Philippe Lespinard, who will retain the position after Dasher’s departure.

Meanwhile, Peter Hetherington has been appointed as the new CEO of Schroders Personal Wealth- a joint venture (JV) between Schroders and Lloyds.

Lloyds and Schroders hold stakes of 50.1% and 49.9%, respectively, in the JV.

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Hetherington previously served as the CEO of IG Group and succeeds James Rainbow in the new role.

Rainbow will now serve as the head of UK distribution and Latin America at Schroders.

Schroders group CEO Peter Harrison said: “This evolution of our leadership team will ensure we continue to serve clients’ best interests across the UK, Latin America and North America, as well as through our world-class Fixed Income investment capabilities.

“Furthermore, the smooth transition of leadership responsibilities in North America – a region of strategic importance for the firm – will enable the business to continue to benefit from strong leadership.

“Our business has evolved rapidly over the past three years and our strategy for growth remains unchanged. We continue to focus on the three pillars; growing our wealth business; expanding our investment business and building private assets.”