Schroders has expanded its global equities team and hired Frank Thormann as portfolio manager.
Thormann joined Schroders from Frankfurt-based Union Investment where he was a global portfolio manager.
He reports to Alex Tedder, who joined Schroders in August 2014 from American Century, and is now head of global equities.
Tedder said that Thormann had a proven track record founded on an intimate knowledge of the US equity market, a significant constituent of Schroder’s global equity portfolios.
He added: “Thormann is a genuine stock-picker with an investment approach that is entirely complementary to that of the team.”
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