Schroders has appointed Phil Middleton as head of UK with effect from January 1, 2025.
Phil joined Schroders in 1992, and during his 32-year tenure has held roles across the business in distribution and marketing.
Phil, who joined Schroders in 1992 and has held various roles across distribution and marketing, moved to New York in 2020 as head of institutional distribution, North America. He became CEO of North America in 2022 and was promoted to CEO Americas in June 2023.
Tom Darnowski, with Schroders since 2013 and most recently global head of product strategy, has now been promoted to CEO Americas, with both continuing to report to Karine Szenberg, global head of Client Group. James Rainbow, head of UK, is leaving Schroders after 17 years to pursue new opportunities.
Navigating Growth in the UK and Ireland
Phil said: “It’s fantastic to be returning to the UK market, where I have spent so much of my career. 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.”
Karine Szenberg, global head of Client Group at Schroders, 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 are excited to welcome Phil back to the UK, a market that he knows extensively and where he already has a well-established track record. The UK is an important and valued market for Schroders and we believe now is the right time for Phil to return to lead this part of our business.
Tom Darnowski has been promoted to the role of CEO Americas. Tom’s leadership has played a transformational role across our product proposition as we continue to evolve with rapidly changing markets. He has demonstrated consistent dedication to meeting the needs of our global client network and has an exceptional understanding and knowledge of the Americas business and its clients.”
